SAP SE (SAP) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (3.23 million) in SAP SE (SAP). On Wednesday, The value of composite uptick trades was $17.59 million, whereas, the value of composite downtick trades was $20.81 million and the ratio between the two was 0.84, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $1.45 million. The negative money flow of ($1.45 million) shows selling on strength. SAP SE (SAP) gained $3.75 intraday at $83.07 and registrered 4.73% for the week.
Also, In a research note released to the investors, Jefferies downgrades its rating on SAP SE (NYSE:SAP).The analysts at the brokerage house have a current rating of Underperform on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on June 13, 2016.
SAP SE (NYSE:SAP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $82.98 and $82.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $83.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $83.71, notching a gain of 5.53% for the day. The total traded volume was 2,905,110 . The stock had closed at $79.32 on the previous day.
The stock has recorded a 20-day Moving Average of 9.01% and the 50-Day Moving Average is 7.41%.
SAP SE, formerly SAP AG, is a provider of application and analytics software for enterprises in mobile enterprise management. SAP is an enterprise cloud company. As of December 31, 2014, the Company has more than 282,000 customers in over 180 countries. The Company offers solutions-based on its SAP HANA platform. The SAP HANA platform combines database, data processing, and application platform capabilities in-memory. It also provides capabilities, such as predictive text analytics, spatial processing and data virtualization. The Company offers application software to around 25 industries in six industry sectors and 12 business lines, including consumer, discrete manufacturing, energy and natural resources, financial services, public services and other services. Through Sapphire Ventures, Sapphire Ventures invests in global companies, as well as early-stage venture capital funds in enterprise and consumer technology.