Shares of Citrix Systems (CTXS) Sees Large Outflow of Money

Citrix Systems (CTXS) : The value of composite uptick trades was $4.01 million, whereas, the value of composite downtick trades was $5.35 million. The uptick to downtick ratio stood at 0.75 with a negative money flow of ($1.34) Million during Wednesdays trading session. The block trades money flow was negative ($1.67 million).The uptick to the downtick ratio of 0.34 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $0.88 million. The transaction of the trades on downticks amounted to $2.56 million, which confirms investors selling on the strength of price. Citrix Systems (CTXS) gained 50 cents at $85.59, an increase of 0.59% over the previous days close.


Citrix Systems (NASDAQ:CTXS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $85.29 and $84.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $86.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $85.99, notching a gain of 1.06% for the day. The total traded volume was 733,967 . The stock had closed at $85.09 on the previous day.

The stock has recorded a 20-day Moving Average of 4.32% and the 50-Day Moving Average is 2.75%. In a related news,The Director of CITRIX SYSTEMS INC, Demo Murray J sold 1,000 shares at $79.49 on June 29, 2016. The Insider selling transaction had a total value worth of $79,490. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Citrix Systems, Inc. provides virtualization, mobility management, networking and SaaS solutions to businesses. The Companys solutions offer secure, mobile workspaces that provide people with access to apps, desktops, data and communications on any device, over any network or cloud. It markets and licenses its products directly to customers. The Company operates through two segments: Enterprise and Service Provider division and the Mobility Apps division. Enterprise and Service Provider divisions Workspace services include mobile platforms, desktop and application virtualization, citrix workspace suite and delivery networking. Its Mobility Apps applications include communications cloud, documents cloud and workflow cloud. It also offers Professional Services and Technology products, which include Citrix HDX, FlexCast, Citrix personalization technologies, NetScaler Software Packet Engine, ByteMobile Adaptive Traffic Management System, XenMobile and Citrix Internet, among others.

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