Shares of Tesla Motors (TSLA) Sees Large Outflow of Money

Tesla Motors (TSLA) : The total negative money flow of $0.39 million on Wednesday indicates selling on strength. The inflow of money on upticks was $4.22 million, compared to $4.62 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.91. The negative money flow of $0.1 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $0.1 million. The price action in the Tesla Motors (TSLA) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $225.29 with a gain of $0.03 , a change of 0.01% over the previous days close. The stock registered 2.22% for the week.


Also, In the latest statement by the brokerage house, Argus Research downgrades its outlook on Tesla Motors (NASDAQ:TSLA). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on June 28, 2016.

Tesla Motors (NASDAQ:TSLA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $226.47 and $225.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $229.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $228.36, notching a gain of 1.38% for the day. The total traded volume was 2,568,498 . The stock had closed at $225.26 on the previous day.

The stock has recorded a 20-day Moving Average of 6.92% and the 50-Day Moving Average is 5.76%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Tesla Motors Inc, Musk Kimbal had sold 460 shares worth of $103,210 in a transaction dated June 13, 2016. In this transaction, 460 shares were sold at $224.37 per share.

Tesla Motors, Inc. is a United States-based company, which designs, develops, manufactures and sells electric vehicles, electric vehicle powertrain components and stationary energy storage systems. The Company sells and produces a vehicle under the name Model S, which is a fully electric, four-door, five-adult passenger sedan. In addition to developing its own vehicles, it develops, sells, and services full electric powertrain systems and components to other automobile manufacturers. It also produces and sells stationary energy storage products for use in homes, commercial sites and utilities. The applications for these battery systems include backup power, peak demand reduction, demand response and wholesale electric market services. It sells its vehicles through its own sales and service network. The Company also offers the Model X electric car, Supercharger charging stations and Powerwall, a home battery.

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