Shares of Qlik Technologies (QLIK) Sees Large Outflow of Money

Qlik Technologies (QLIK) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (13.66 million) in Qlik Technologies (QLIK). On Wednesday, The value of composite uptick trades was $5.38 million, whereas, the value of composite downtick trades was $19.04 million and the ratio between the two was 0.28, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $11.76 million. $1.24 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.11. The negative money flow of ($10.51 million) shows selling on strength. Qlik Technologies (QLIK) gained $0.08 intraday at $30.04 and registrered 0.27% for the week.


Also, SunTrust Robinson Humphrey downgrades its rating on Qlik Technologies (NASDAQ:QLIK). Analysts at the SunTrust Robinson Humphrey have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 6, 2016.

Qlik Technologies (NASDAQ:QLIK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.98 and $29.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.04, notching a gain of 0.27% for the day. The total traded volume was 2,784,880 . The stock had closed at $29.96 on the previous day.

The stock has recorded a 20-day Moving Average of 0.85% and the 50-Day Moving Average is 0.45%. In a related news, Lofton Deborah C, officer (VP and General Counsel) of Qlik Technologies Inc, unloaded 3,029 shares at an average price of $30.11 on June 6, 2016. The total amount of the transaction was worth $91,203, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Qlik Technologies Inc. is a provider of user-driven, business intelligence (BI) solutions. The Company is engaged in the development, commercialization and implementation of software products and related services. The Companys core solution for guided analytics is QlikView, which allows people create and share insights and analysis in groups and across organizations. The Companys QlikView Desktop is a Windows application that enables the user to load data from disparate sources. QlikView Expressor provides a graphical studio for designing and managing data integration for QlikView apps. QlikView NPrinting is a report generation, distribution and scheduling application for QlikView. Qlik Sense is self-service data visualization and analysis application. Qlik Sense Desktop allows users to connect to any underlying data source, load data, build user interfaces and conduct interactive analyses of their data.

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