Large Inflow of Money Detected in Fleetmatics Group PLC

Fleetmatics Group PLC (FLTX) : Mondays money flow data in Fleetmatics Group PLC (FLTX) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $13.69 million, whereas, $12.49 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.1, in favor of the bulls. The total money flow into the stock was $1.2 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0.55 million. The total value of block trades done on upticks was $5.46 million. The value of bearish trades on downticks was only $4.91 million.The up/down ratio in the block trades was a healthy 1.11 in favor of the bulls, suggesting strong buying in the stock by large traders. Fleetmatics Group PLC (FLTX) fell $0.06 and traded at $59.33, down -0.1% for the day, over previous days close. On a weekly basis, the shares are -0.29% over the previous weeks close.


Fleetmatics Group PLC has dropped 0.1% in the last five trading days, however, the shares have posted positive gains of 32.03% in the last 4 weeks. Fleetmatics Group PLC is up 51.8% in the last 3-month period. Year-to-Date the stock performance stands at 16.77%.

Fleetmatics Group PLC (NYSE:FLTX): The stock opened at $59.43 on Monday but the bulls could not build on the opening and the stock topped out at $59.50 for the day. The stock traded down to $59.25 during the day, due to lack of any buying support eventually closed down at $59.31 with a loss of -0.13% for the day. The stock had closed at $59.39 on the previous day. The total traded volume was 1,458,347 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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