Large Inflow of Money Detected in BroadSoft

BroadSoft (BSFT): $1.76 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.36. The value of trades done on upticks was $6.68 million, whereas, trades done on downticks were valued at $4.91 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $2.46 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $0.92 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 2.68 was strongly in favor of the bulls. The money flow in block trades was $1.54 million. BroadSoft (BSFT) fell $0.05 traded at $45.78, a change of -0.11% over the previous day. The stock is 2.21% for the week.


BroadSoft (NASDAQ:BSFT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.12 and $45.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.00, notching a gain of 0.37% for the day. The total traded volume was 676,074 . The stock had closed at $45.83 on the previous day.

The stock has recorded a 20-day Moving Average of 8.21% and the 50-Day Moving Average is 8.88%. In a related news,The officer (Chief Accounting Officer) of Broadsoft, Inc., Dourgarian Dennis sold 4,843 shares at $42.53 on June 15, 2016. The Insider selling transaction had a total value worth of $205,973. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

BroadSoft, Inc. is a provider of software and services that enable mobile, fixed-line and cable service providers to deliver hosted, cloud-based unified communications (UC), over their internet protocol (IP)- -based networks. The Company offers service providers two deployment options, software and software-as-a-service (SaaS). Hosted UC enables the delivery of PBX features without the need for premise-based equipment. BroadWorks is the Companys application server software offering. The Companys second deployment option is BroadCloud SaaS offering. UC-One is a communications and collaboration offering that enables mobile, fixed-line, cable and converged service providers to offer businesses and other enterprises UC features and functionalities on a hosted basis. The key elements of the Companys technology include SIP, Call control, Geographic redundancy, Common OAMP platform, Media resource framework, Client technology, IMS and VoLTE and, Network Function Virtualization.

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