Large Inflow of Money Detected in Fleetmatics Group PLC

Fleetmatics Group PLC (FLTX) : Tuesdays money flow indicated an uptick to downtick ratio was at 3.48. The total value of inflow transactions on upticks was $6.83 million, whereas, the total value of outflow trades on downticks was $1.96 million. The total money flow was $4.87 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $2.1 million. The total value of the trades done on upticks was $2.1 million. Fleetmatics Group PLC (FLTX) was trading with a -0.02% change over previous days close. It fell $0.01 during the day and reached $59.88. The stock was -0.03% compared to the previous weeks close.


Also, Citigroup maintains its view on Fleetmatics Group PLC (NYSE:FLTX) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Citigroup raises the price target from $45 per share to $60 per share on Fleetmatics Group PLC. The rating by the firm was issued on August 9, 2016.

Fleetmatics Group PLC has dropped 0.2% in the last five trading days, however, the shares have posted positive gains of 0.49% in the last 4 weeks. Fleetmatics Group PLC is up 43.39% in the last 3-month period. Year-to-Date the stock performance stands at 17.9%.

Fleetmatics Group PLC (NYSE:FLTX): The stock opened at $59.88 on Tuesday but the bulls could not build on the opening and the stock topped out at $59.92 for the day. The stock traded down to $59.87 during the day, due to lack of any buying support eventually closed down at $59.88 with a loss of -0.02% for the day. The stock had closed at $59.89 on the previous day. The total traded volume was 364,742 shares.

In a related news,The officer (Chief Financial Officer) of Fleetmatics Group Plc, Lifshatz Stephen J sold 8,000 shares at $42.9 on July 20, 2016. The Insider selling transaction had a total value worth of $343,200. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Fleetmatics Group PLC is a holding company. The Company is a provider of fleet management solutions delivered as software-as-a-service (SaaS). Its mobile software platform enables businesses to manage their local fleets of commercial vehicles. It offers Web-based and mobile application solutions that provide fleet operators with access to vehicle location, fuel usage, speed and mileage and others into their mobile workforce. The Companys product offerings include Fleetmatics REVEAL, a business intelligence-based fleet management solution for small and midsize businesses (SMBs); Fleetmatics REVEAL+, which extends Fleetmatics REVEAL to larger enterprises, and Fleetmatics WORK, a field service management solution. The Companys solutions include fleet management and field service management. The Companys subsidiaries are Fleetmatics Ireland Limited, Fleetmatics (UK) Limited, Fleetmatics USA, LLC, Fleetmatics Netherlands B.V., Fleetmatics de Mexico Srl, and Fleetmatics Pty Ltd.

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