Shares of NetApp (NTAP) Sees Large Inflow of Net Money Flow

NetApp (NTAP) : The money flow analysis of NetApp (NTAP) indicates a $0.17 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $1.11 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 6.51 and so was the total money flow at $0.94 million. The bulls lapped up $0.97 million worth of block trades on upticks. The money flow was $0.97 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of NetApp (NTAP), pushing it down by -0.62% for the day. The stock slid $0.16 and traded at $25.83 during the day. Nonetheless, the stock is 2.22% over the previous weeks close.


NetApp (NTAP) : 18 Wall Street analysts covering NetApp (NTAP) believe that the average level the stock could reach for the short term is $25.72. The maximum price target given is $39 and the minimum target for short term is around $20, hence the standard deviation is calculated at $4.92.

NetApp (NASDAQ:NTAP): stock turned positive on Friday. Though the stock opened at $26.09, the bulls momentum made the stock top out at $26.49 level for the day. The stock recorded a low of $25.77 and closed the trading day at $26.47, in the green by 1.85%. The total traded volume for the day was 2,688,539. The stock had closed at $25.99 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Reich Joel D, Officer (Exec Vp, Product Operations) of NetApp, Inc., had unloaded 2,241 shares at an average price of $24.35 in a transaction dated on June 30, 2016. The total value of the transaction was worth $54,568.

NetApp, Inc. (NetApp) is engaged in providing software, systems and services to manage and store customer data. The Company offers a portfolio of products and services to a range of customer workloads across various data types and deployment models. Its data management solutions enable customers on-premises or in a public cloud resource to control, integrate, move and manage it. It offers both all-flash arrays and hybrid flash arrays and its portfolio includes hybrid and all-flash storage offerings. The Company also offers FlexPod solutions for workloads, such as big data, HPC and video analytics that integrate Hadoop. Its scale-out fabric-attached storage (FAS) platform uses the NetApp Data ONTAP storage operating system. Its Data ONTAP software delivers data protection, data management and software for virtualized, shared infrastructures, cloud computing and mixed workload business applications. The Company focuses on the data management and storage markets.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.