Large Outflow of Money Witnessed in Blackhawk Network Holdings

Blackhawk Network Holdings (HAWK): The stock had negative money flow to the tune of ($1.48 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $4.39 million, whereas, the outflow of money on downticks was $5.87 million and the ratio between the two was 0.75. The block trade had a negative net money flow of ($1.54 million). On the other hand, downticks amounted to $1.54 million of the traded value, which shows distribution in the stock by traders. Blackhawk Network Holdings (HAWK) closed with marginal gains of 36 cents to end the day at $35.33, an increase of 1.03% over the previous days close. The stock recorded 3.88% for the week.


Blackhawk Network Holdings (HAWK) : The highest short term price target forecast on Blackhawk Network Holdings (HAWK) is $58 and the lowest target price is $30. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $41.13 with a standard deviation of $8.46.

Blackhawk Network Holdings (NASDAQ:HAWK): stock turned positive on Friday. Though the stock opened at $34.93, the bulls momentum made the stock top out at $37.07 level for the day. The stock recorded a low of $34.93 and closed the trading day at $36.51, in the green by 4.40%. The total traded volume for the day was 6,361,847. The stock had closed at $34.97 in the previous days trading.

In a related news,The officer (Chief Accounting Officer) of Blackhawk Network Holdings, Inc, Lockie Joan B sold 403 shares at $31.77 on May 17, 2016. The Insider selling transaction had a total value worth of $12,803. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Blackhawk Network Holdings, Inc. (Blackhawk) is a prepaid payment network. The Company offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, and related prepaid products and payment services in the United States and 21 other countries. It operates in two segments: US Retail and Incentives & Rewards, and International Retail. US Retail and Incentives & Rewards segment consists of the various operating segments of its United States retail products, online channel, secondary card market and incentive and reward solutions and derives revenues from sales of prepaid products to consumers at its United States retail distribution partners, online and through its card exchange and prepaid products to consumers through business clients. Its International Retail segment consists of the various operating segments of its geographic regions and derives revenues from sales of prepaid products to consumers at its international retail distribution partners.

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