Large Inflow of Money Detected in Proto Labs

Proto Labs (PRLB) : Wednesdays money flow data in Proto Labs (PRLB) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $10.6 million, whereas, $2.79 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 3.8, in favor of the bulls. The total money flow into the stock was $7.81 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $7.74 million. The total value of block trades done on upticks was $7.74 million. Proto Labs (PRLB) fell $0.18 and traded at $58.25, down -0.31% for the day, over previous days close. On a weekly basis, the shares are -3.72% over the previous weeks close.


Also, FBR Capital initiates coverage on Proto Labs (NYSE:PRLB) In a research note issued to the investors, the brokerage major announces price-target of $80 per share.The shares have been rated Outperform. The rating by the firm was issued on May 11, 2016.

Proto Labs (NYSE:PRLB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.38 and $58.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.36, notching a gain of 1.59% for the day. The total traded volume was 517,052 . The stock had closed at $58.43 on the previous day.

The stock has recorded a 20-day Moving Average of 1.74% and the 50-Day Moving Average is 2.91%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Proto Labs Inc, Gawlick Rainer had sold 357 shares worth of $21,848 in a transaction dated May 19, 2016. In this transaction, 357 shares were sold at $61.2 per share.

Proto Labs, Inc. (Proto Labs) is an online manufacturer of custom parts for prototyping and short-run production. The Company utilizes computer numerical control (CNC), machining and injection molding to manufacture custom parts for its customers. The Company provides parts for product developers and engineers across the world. The Company utilizes computer numerical control (CNC), machining and injection molding to manufacture custom parts for its customers. The Company targets its products to the product developers and engineers who use three-dimensional computer-aided design (3D CAD), software to design products across a diverse range of end-markets. Its primary manufacturing product lines include Protomold, which is an injection molding product line, Firstcut, which is a CNC machining product line, and Fineline, which is an additive-manufactured (3D printing) product line. The Company has operations in the United States, Europe and Japan.

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