Shares of ServiceMaster Global Holdings (SERV) Sees Large Outflow of Money

ServiceMaster Global Holdings (SERV) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (17.51 million) in ServiceMaster Global Holdings (SERV). On Wednesday, The value of composite uptick trades was $5.26 million, whereas, the value of composite downtick trades was $22.77 million and the ratio between the two was 0.23, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $17.77 million. $0.57 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.03. The negative money flow of ($17.19 million) shows selling on strength. ServiceMaster Global Holdings (SERV) gained $0.53 intraday at $41.23 and registrered 1.3% for the week.


Also, Nomura initiates coverage on ServiceMaster Global Holdings (NYSE:SERV) . The global brokerage major announces a current price target of $39 per share. Analysts at the Nomura have a current rating of Neutral on the shares. The rating by the firm was issued on April 19, 2016.

ServiceMaster Global Holdings (NYSE:SERV): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.70 and $40.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.23, notching a gain of 1.30% for the day. The total traded volume was 1,667,858 . The stock had closed at $40.70 on the previous day.

The stock has recorded a 20-day Moving Average of 4.68% and the 50-Day Moving Average is 7.13%. In a related news, The Securities and Exchange Commission has divulged that Hunsberger Susan, officer (SVP, Human Resources) of Servicemaster Global Holdings Inc, had unloaded 20,000 shares at an average price of $36.06 in a transaction dated on May 12, 2016. The total value of the transaction was worth $721,200.

ServiceMaster Global Holdings, Inc. is a holding company. The Company is a provider of residential and commercial services, operating through a service network of more than 8,000 company owned locations and franchise and license agreements. The Companys services include termite and pest control, home warranties, disaster restoration, janitorial, residential cleaning, furniture repair and home inspection. Its portfolio of brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec. The Companys segments include Terminix, American Home Shield and the Franchise Services Group. The Terminix segment is a provider of termite and pest control services. The American Home Shield segment is a provider of home warranty plans for household systems and appliances. The Franchise Services Group segment provides residential and commercial disaster restoration, janitorial and cleaning services through franchises.

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