Shares of CA (CA) Sees Large Outflow of Money

CA (CA) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (3.16 million) in CA (CA). On Wednesday, The value of composite uptick trades was $3.87 million, whereas, the value of composite downtick trades was $7.04 million and the ratio between the two was 0.55, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $4.44 million. $0.85 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.19. The negative money flow of ($3.6 million) shows selling on strength. CA (CA) gained $0.32 intraday at $34.29 and registrered 0.93% for the week.


Also, Barclays downgrades its rating on CA (NASDAQ:CA). The global brokerage major raises the current price target from $33 per share to $35 per share. Analysts at the Barclays have a current rating of Equal-weight on the shares. The shares were previously rated Overweight. The rating by the firm was issued on July 15, 2016.

CA (NASDAQ:CA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.13 and $34.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.27, notching a gain of 0.88% for the day. The total traded volume was 2,021,979 . The stock had closed at $33.97 on the previous day.

The stock has recorded a 20-day Moving Average of 3.13% and the 50-Day Moving Average is 5.71%. In a related news, Flaherty Lauren Patricia, officer (EVP, Chief Marketing Officer) of Ca, Inc., unloaded 182,550 shares at an average price of $32.76 on June 9, 2016. The total amount of the transaction was worth $5,980,338, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

CA, Inc. (CA Technologies) is engaged in providing information technology (IT) management software and solutions. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services. The Mainframe Solutions segment products allow customers and partners transform mainframe management. The Enterprise Solutions segment consists of products, including DevOps, which allows customers to unite application development and IT operations; Management Cloud, which includes the Companys IT Business Management (ITBM) solutions, API Management solutions and Enterprise Mobility Management solutions, and Security, which consists of identity and access management. The Services segment consists of product implementation, consulting, customer education and customer training.

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