Large Outflow of Money Witnessed in Analog Devices

Analog Devices (ADI): The stock had negative money flow to the tune of ($7.7 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $13.84 million, whereas, the outflow of money on downticks was $21.54 million and the ratio between the two was 0.64. The block trade had a negative net money flow of ($8.11 million). The total block trade value undertaken on upticks was $0.59 million. On the other hand, downticks amounted to $8.7 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.07. Analog Devices (ADI) closed with marginal gains of 51 cents to end the day at $58.25, an increase of 0.88% over the previous days close. The stock recorded 2.86% for the week.


The company Insiders own 0.9% of Analog Devices shares according to the proxy statements. Institutional Investors own 87.67% of Analog Devices shares. In an insider trading activity, Sicchitano Kenton J, director of Analog Devices Inc, unloaded 15,000 shares at an average price of $58.28 on April 7, 2016. The total amount of the transaction was worth $874,200, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Shares of Analog Devices, Inc. rose by 6.56% in the last five trading days and 3.56% for the last 4 weeks. Analog Devices, Inc. is up 1.05% in the last 3-month period. Year-to-Date the stock performance stands at 8.29%.

Analog Devices (NASDAQ:ADI): stock turned positive on Tuesday. Though the stock opened at $58.68, the bulls momentum made the stock top out at $59.03 level for the day. The stock recorded a low of $58.26 and closed the trading day at $58.99, in the green by 1.27%. The total traded volume for the day was 1,311,340. The stock had closed at $58.25 in the previous days trading.

Analog Devices, Inc. is engaged in the design, manufacture and marketing of high-performance analog, mixed-signal and digital signal processing integrated circuits (ICs). The Company is focused on solving the engineering challenges associated with signal processing in electronic equipment. The Companys produces a wide range of products including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro-electro mechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors that are designed to meet the needs of a broad base of customers. The Company focuses on strategic markets where its signal processing technology is often a critical differentiator in its customers products, in the industrial, automotive, consumer and communications markets.

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