Large Outflow of Money Witnessed in Shutterstock

Shutterstock (SSTK): The stock had negative money flow to the tune of ($5.09 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $16.39 million, whereas, the outflow of money on downticks was $21.48 million and the ratio between the two was 0.76. The block trade had a negative net money flow of ($4.7 million). The total block trade value undertaken on upticks was $2.68 million. On the other hand, downticks amounted to $7.38 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.36. Shutterstock (SSTK) closed with marginal gains of 662 cents to end the day at $55.32, an increase of 13.59% over the previous days close. The stock recorded 15.51% for the week.


The company Insiders own 46.4% of Shutterstock shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.43% . Institutional Investors own 65.26% of Shutterstock shares. During last six month period, the net percent change held by insiders has seen a change of -11.29%. In an insider trading activity,The officer (Chief Financial Officer) of Shutterstock, Inc., Berns Steven sold 847 shares at $43.3 on June 16, 2016. The Insider selling transaction had a total value worth of $36,675. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Shares of Shutterstock, Inc. rose by 21.15% in the last five trading days and 31.28% for the last 4 weeks. Shutterstock, Inc. is up 51.48% in the last 3-month period. Year-to-Date the stock performance stands at 71.95%.

Shutterstock (NYSE:SSTK): stock turned positive on Tuesday. Though the stock opened at $49.6, the bulls momentum made the stock top out at $55.81 level for the day. The stock recorded a low of $49.6 and closed the trading day at $55.61, in the green by 14.19%. The total traded volume for the day was 1,830,255. The stock had closed at $48.7 in the previous days trading.

Shutterstock, Inc. (Shutterstock) operates a global marketplace for commercial digital content, including images, video and music. The Companys commercial digital imagery consists of licensed photographs, illustrations and video clips that companies use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content while commercial music consists of music tracks. The demand for commercial digital imagery and music comes from businesses, marketing agencies and media organizations. It reaches new customers through a set of marketing channels, including online display advertising, print advertising, tradeshows, email marketing, direct mail, affiliate marketing, public relations, social media and partnerships. The Companys online marketplace provides a freely searchable collection of commercial digital imagery and music that its users can pay to license, download and incorporate into their work.

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