Shares of Acxiom Corporation (ACXM) Sees Large Outflow of Money

Acxiom Corporation (ACXM) : The value of composite uptick trades was $1.47 million, whereas, the value of composite downtick trades was $12.49 million. The uptick to downtick ratio stood at 0.12 with a negative money flow of ($11.02) Million during Wednesdays trading session. The block trades money flow was negative ($11.18 million).The uptick to the downtick ratio of 0.03 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $0.31 million. The transaction of the trades on downticks amounted to $11.5 million, which confirms investors selling on the strength of price. Acxiom Corporation (ACXM) gained 37 cents at $23.11, an increase of 1.63% over the previous days close.


Also, William Blair initiates coverage on Acxiom Corporation (NASDAQ:ACXM). The current rating of the shares is Outperform, according to the research report released by the firm. The rating by the firm was issued on June 1, 2016.

Acxiom Corporation (NASDAQ:ACXM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.78 and $22.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.11, notching a gain of 1.63% for the day. The total traded volume was 945,700 . The stock had closed at $22.74 on the previous day.

The stock has recorded a 20-day Moving Average of 4.84% and the 50-Day Moving Average is 5.96%. In a related news, May S. Travis, officer (Divisional President) of Acxiom Corp, unloaded 31,354 shares at an average price of $21.75 on July 7, 2016. The total amount of the transaction was worth $681,950, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Acxiom Corporation is an enterprise data, analytics and software-as-a-service company. The Companys operating segments include Marketing and Data Services, IT Infrastructure Management (ITO) and Other Services. The Marketing and Data Services segment includes its global lines of business for Customer Data Integration, Consumer Insight Solutions, Marketing Management Services (including the Audience Operating System and LiveRamp on-boarding services), e-mail Fulfillment Services and Consulting and Agency Services. The IT Infrastructure Management segment develops and delivers information technology (IT) outsourcing and transformational solutions. Its client list includes organizations in these regions across industry verticals, including financial, insurance and investment services, automotive, retail, telecommunications, high tech, healthcare, travel, entertainment, non-profit and government. It operates in the United States, Europe, South America and the Asia-Pacific region.

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