Large Outflow of Money Witnessed in Red Hat

Red Hat (RHT) : Tuesdays money flow analysis of Red Hat (RHT) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $7.31 million. In comparison, the inflow of money on upticks was a meager $3.25 million. The dollar value of composite uptick trades minus the downtick trades was negative $4.07 million. The uptick to downtick ratio of 0.44 in the money flow shows weakness. The downtick transaction value was high at $4.8 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($4.8 million). Red Hat (RHT) gained $0.86 at $73.5, a change of 1.18% over the previous days close.


The company Insiders own 0.76% of Red Hat shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 3.21% . Institutional Investors own 96.03% of Red Hat shares. During last six month period, the net percent change held by insiders has seen a change of 3.21%. In an insider trading activity, The Securities and Exchange Commission has divulged that Whitehurst James M, director officer (CEO & President) of Red Hat Inc, had unloaded 43,425 shares at an average price of $75 in a transaction dated on May 24, 2016. The total value of the transaction was worth $3,256,875.

Shares of Red Hat, Inc. appreciated by 3.68% during the last five trading days but lost 3.91% on a 4-week basis. Red Hat, Inc. is up 1.79% in the last 3-month period. Year-to-Date the stock performance stands at -10.75%.

Red Hat (NYSE:RHT): stock turned positive on Tuesday. Though the stock opened at $73.08, the bulls momentum made the stock top out at $74.34 level for the day. The stock recorded a low of $73 and closed the trading day at $73.91, in the green by 1.75%. The total traded volume for the day was 1,974,358. The stock had closed at $72.64 in the previous days trading.

Red Hat, Inc. is a provider of open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, middleware, storage and cloud technologies. The Company employs an open source development model. The open source development model allows it to use the collective input, resources and knowledge of a global community of contributors who can collaborate to develop, maintain and enhance software because the human-readable source code for that software is publicly available and licenses permit modification. The Company distributes its software offerings under open source licenses that permit access to the softwares human-readable source code. The Company provides its software offerings primarily under annual or multi-year subscriptions as well as on-demand through cloud service providers.

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