Shares of PTC (PTC) Sees Large Outflow of Money

PTC (PTC) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (5.51 million) in PTC (PTC). On Wednesday, The value of composite uptick trades was $14.63 million, whereas, the value of composite downtick trades was $20.14 million and the ratio between the two was 0.73, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $8.4 million. $2.69 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.32. The negative money flow of ($5.71 million) shows selling on strength. PTC (PTC) gained $0.54 intraday at $39.58 and registrered 1.38% for the week.


PTC (NASDAQ:PTC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.39 and $39.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.56, notching a gain of 1.33% for the day. The total traded volume was 2,766,327 . The stock had closed at $39.04 on the previous day.

The stock has recorded a 20-day Moving Average of 4.5% and the 50-Day Moving Average is 6.7%. In a related news, Cohen Barry F, officer (EVP Strategy) of Ptc Inc., unloaded 30,000 shares at an average price of $35.77 on May 31, 2016. The total amount of the transaction was worth $1,073,100, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

PTC Inc., develops and delivers technology solutions, comprised of software and services, that transform the way customers create and service their products The Company operates in two Software Products, which includes license and related support revenue for all its products except training-related products, and Services, which includes consulting, implementation, training and license and support revenue for computer-based training products. The Companys solutions and software products include Computer-Aided Design (CAD), Product Lifecycle Management (PLM), Application Lifecycle Management (ALM), Supply Chain Management (SCM) and Service Lifecycle Management (SLM). The Company generates revenue through the sale of software licenses, support and services.

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