Large Outflow of Money Witnessed in CDK Global

CDK Global (CDK) : The total money flow in CDK Global (CDK) was negative ($3.65 million), which signals selling by the traders on Fridays session. They trimmed their holdings by selling the stock on downticks to the tune of $11.58 million. In comparison, the inflow of money into the stock on upticks was $7.92 million. The uptick to downtick ratio was 0.68. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $5.52 million. The value of transactions on uptick was $0.58 million. The negative money flow of ($4.94 million) confirms the selling in CDK Global (CDK) on strength. The uptick to downtick ratio of block trades was 0.11. CDK Global (CDK) gained $0.09 at $58.09, a gain of 0.16% over the previous days close. However, the stock registered 0.71% in the week.


CDK Global (CDK) : The consensus price target for CDK Global (CDK) is $57.17 for the short term with a standard deviation of $8.01. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $65, however, the pessimist price target for the company is $49.

CDK Global (NASDAQ:CDK): On Fridays trading session , Opening price of the stock was $58.15 with an intraday high of $58.255. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $57.74. However, the stock managed to close at $57.91, a loss of 0.16% for the day. On the previous day, the stock had closed at $58. The total traded volume of the day was 1,538,065 shares.

In a related news, The Securities and Exchange Commission has divulged that Karp Robert N., officer (VP & President, ARNA) of Cdk Global, Inc., had unloaded 27,573 shares at an average price of $55.12 in a transaction dated on June 1, 2016. The total value of the transaction was worth $1,519,824.

CDK Global, Inc. is a global provider, both integrated technology and digital marketing/advertising solutions to the automotive retail industry. The Companys solutions automate and integrate critical workflow processes from pre-sale targeted advertising and marketing campaigns to the sale, financing, insurance, parts supply, repair and maintenance of vehicles, with an increasing focus on utilizing big data analytics and predictive intelligence. The Companys solutions address the entire automotive retailers value chain. The Company operates in three segments: Automotive Retail Solutions North America (North American Automotive Retail), Automotive Retail Solutions International (International Automotive Retail), and Digital Marketing Solutions (Digital Marketing).

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