Shares of Scientific Games Corp (SGMS) Sees Large Outflow of Money

Scientific Games Corp (SGMS): The stock had negative money flow to the tune of ($2.78 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $0.77 million, whereas, the outflow of money on downticks was $3.54 million and the ratio between the two was 0.22. The block trade had a negative net money flow of ($2.78 million). The total block trade value undertaken on upticks was $0.45 million. On the other hand, downticks amounted to $3.23 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.14. Scientific Games Corp (SGMS) closed with marginal gains of 3 cents to end the day at $10.1, an increase of 0.3% over the previous days close. The stock recorded -2.04% for the week.


Scientific Games Corp (NASDAQ:SGMS): The stock opened at $10.05 on Wednesday but the bulls could not build on the opening and the stock topped out at $10.16 for the day. The stock traded down to $9.88 during the day, due to lack of any buying support eventually closed down at $10.02 with a loss of -0.50% for the day. The stock had closed at $10.07 on the previous day. The total traded volume was 1,096,397 shares.

The stock has recorded a 20-day Moving Average of 5.36% and the 50-Day Moving Average is 7.67%. In a related news, Cohen Peter A, director of Scientific Games Corp, unloaded 20,900 shares at an average price of $9.94 on March 17, 2016. The total amount of the transaction was worth $207,746, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming and lottery industries. The Company operates in three segments: Gaming, Lottery and Interactive. Gaming segment designs, develops, manufactures, markets and distributes gaming machines, VLTs, server-based gaming machines, casino-management systems hardware and software, table game products, video lottery central monitoring and control systems. Lottery segment manufactures and sells instant games, as well as the provision of services, such as game design, sales and marketing support, specialty games and promotions, warehousing, as well as instant game category management. Interactive segment offers play-for-fun social games on Facebook, GooglePlay for Android devices, Apples iOS platform, Kindle platform and Microsoft Windows 8. Its brands include MONOPOLY, GREASE, Jackpot Party Progressive, AMC-THE WALKING DEAD, HARLEY-DAVIDSON and LOTERIA, among others.

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