Flextronics International Ltd. (FLEX) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $17.65 million worth of transactions were on upticks, whereas, the downticks accounted for $14.59 million worth of transactions. The net money flow was a positive $3.06 million and the uptick to downtick ratio was 1.21. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 3.25 in their favor. The net money flow into the stock was $3.12 million. The value of block trades done on downticks was only $1.39 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $4.51 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Flextronics International Ltd. (FLEX) was trading at $13, down $0.14 during day. The stock slid -1.07% over the previous days close. For the week, the stock recorded 0.85% over the previous weeks close.
Flextronics International Ltd. (FLEX) : The highest short term price target forecast on Flextronics International Ltd. (FLEX) is $16 and the lowest target price is $10. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $13.85 with a standard deviation of $1.76.
Flextronics International Ltd. (NASDAQ:FLEX): On Fridays trading session , Opening price of the stock was $12.22 with an intraday high of $13.06. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.12. However, the stock managed to close at $13, a loss of 1.07% for the day. On the previous day, the stock had closed at $13.14. The total traded volume of the day was 9,790,112 shares.
In a related news,The director of Flextronics International Ltd., Tan Lay Koon sold 333 shares at $12.93 on July 18, 2016. The Insider selling transaction had a total value worth of $4,306. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Flextronics International Ltd. (Flextronics) is a Singapore-based provider of global supply chain solutions. The Company designs, builds, ships and serves packaged electronic products for its original equipment manufacturers (OEMs) in various groups. The Company offers a range of design and engineering services that relate to manufacturing (including enclosures, metals, plastic injection molding, precision plastics, machining, and mechanicals), system integration and assembly and test services, materials procurement, inventory management, logistics and after-sales services (including product repair, warranty services, re-manufacturing and maintenance), supply chain management software solutions and component product offerings (including rigid and flexible printed circuit boards and power adapters and chargers).