Large Inflow of Money Detected in Jabil Circuit

Jabil Circuit (JBL) : Tuesdays money flow indicated an uptick to downtick ratio was at 2.46. The total value of inflow transactions on upticks was $4.49 million, whereas, the total value of outflow trades on downticks was $1.83 million. The total money flow was $2.66 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $2.69 million. The total value of the trades done on upticks was $2.69 million. Jabil Circuit (JBL) was trading with a -0.52% change over previous days close. It fell $0.11 during the day and reached $21.05. The stock was -0.14% compared to the previous weeks close.


Also, In the latest statement by the brokerage house, Raymond James upgrades its outlook on Jabil Circuit (NYSE:JBL). The current rating of the shares is Strong Buy, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on July 15, 2016.

Shares of Jabil Circuit Inc. rose by 0.67% in the last five trading days and 4.07% for the last 4 weeks. Jabil Circuit Inc. is up 9.6% in the last 3-month period. Year-to-Date the stock performance stands at -7.9%.

Jabil Circuit (NYSE:JBL): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.18 and $20.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.18, notching a gain of 0.09% for the day. The total traded volume was 1,285,570 . The stock had closed at $21.16 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Loparco Michael J, officer (EVP, CEO, Engineered Solutions) of Jabil Circuit Inc, had unloaded 5,000 shares at an average price of $20.23 in a transaction dated on July 26, 2016. The total value of the transaction was worth $101,150.

Jabil Circuit, Inc. provides electronic manufacturing services and solutions. The Company provides electronic design, production and product management services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications and wearable technology industries. The Companys operating segments include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The EMS segment is focused around leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics. The DMS segment is focused on providing engineering solutions, heavy participation in consumer markets, access to higher growth markets and a focus on material sciences and technologies.

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