Shares of EPAM Systems (EPAM) Sees Large Inflow of Net Money Flow

EPAM Systems (EPAM) stock had a bullish inflow of $6.29 million worth of trades on uptick and an outflow of $4.72 million in downticks on Friday. The total uptick to downtick ratio stood at 1.33. The net money flow into the stock was $1.57 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $1.35 million. $1.35 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, EPAM Systems (EPAM) stock traded down $0.01 , and reached $69.79, a drop of -0.01% over the previous day. On a weekly basis, the stock is 1.72%, over the previous weeks close.


EPAM Systems (EPAM) : The highest short term price target forecast on EPAM Systems (EPAM) is $100 and the lowest target price is $75. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $83.44 with a standard deviation of $8.

EPAM Systems (NYSE:EPAM): stock turned positive on Friday. Though the stock opened at $69.65, the bulls momentum made the stock top out at $70.56 level for the day. The stock recorded a low of $68.78 and closed the trading day at $70.31, in the green by 0.73%. The total traded volume for the day was 385,288. The stock had closed at $69.8 in the previous days trading.

In a related news,The officer (SVP/Co-Head of Global Business) of Epam Systems, Inc., Fejes Balazs sold 5,000 shares at $75.23 on June 1, 2016. The Insider selling transaction had a total value worth of $376,150. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

EPAM Systems, Inc. (EPAM) is a provider of software engineering solutions and information technology (IT) services. The Companys service offerings include Software Product Development Services, Custom Application Development Services, Application Testing Services, Enterprise Application Platforms, Application Maintenance and Support, and Infrastructure Management Services. EPAM provides Software Product Development Services to independent software vendors (ISVs) and technology companies. The Company offers Custom Application Development Services to businesses with application development needs. EPAM offers Application Testing Services for technology platforms and industries. The Companys Enterprise Application Platforms develops technology and business application platforms, and components. EPAM offers Application Maintenance and Support services through a team of IT professionals. The Companys Infrastructure Management Services covers the lifecycle of infrastructure management.

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