Shares of ClubCorp Holdings (MYCC) Sees Large Outflow of Money

ClubCorp Holdings (MYCC): The stock had negative money flow to the tune of ($23.81 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $2.56 million, whereas, the outflow of money on downticks was $26.37 million and the ratio between the two was 0.1. The block trade had a negative net money flow of ($23.64 million). On the other hand, downticks amounted to $23.64 million of the traded value, which shows distribution in the stock by traders. ClubCorp Holdings (MYCC) closed with marginal gains of 28 cents to end the day at $14.71, an increase of 1.94% over the previous days close. The stock recorded 0.96% for the week.


Also, Equity Analysts at the Macquarie upgrades the rating on ClubCorp Holdings (NYSE:MYCC). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on July 12, 2016.

ClubCorp Holdings (NYSE:MYCC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.58 and $14.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.71, notching a gain of 1.94% for the day. The total traded volume was 2,744,142 . The stock had closed at $14.43 on the previous day.

The stock has recorded a 20-day Moving Average of 11.31% and the 50-Day Moving Average is 16.31%. In a related news, Grove Janet, director of Clubcorp Holdings, Inc., executed a transaction worth $14,550 on March 7, 2016. A total of 1,000 shares were purchased at an average price of $14.55. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

ClubCorp Holdings, Inc. is engaged in membership-based leisure business and an owner and operator of private golf and country clubs and business, sports and alumni clubs in North America. The Company operations are organized into two business segments: golf and country clubs, and business, sports and alumni clubs. Its golf and country club segment includes a variety of clubs designed to appeal to a group of families and individuals who lead an active lifestyle and seek a nearby outlet for golf, tennis, swimming and other activities. The Companys business, sports and alumni club segment is designed to provide its members with private locations where they can work, network and socialize. As of December 30, 2014, the Companys portfolio of 207 owned or operated clubs, with over 180,000 memberships, serving over 400,000 individual members.

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