Large Inflow of Money Detected in Jack In The Box

Jack In The Box (JACK) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $9.53 million worth of transactions were on upticks, whereas, the downticks accounted for $4.9 million worth of transactions. The net money flow was a positive $4.63 million and the uptick to downtick ratio was 1.95. The net money flow into the stock was $3.5 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $3.5 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Jack In The Box (JACK) was trading at $99.25, down $0.31 during day. The stock slid -0.31% over the previous days close. For the week, the stock recorded 1.21% over the previous weeks close.


Also, Equity Analysts at the Barclays maintains the rating on Jack In The Box (NASDAQ:JACK). The brokerage firm has issued a Equal-weight rating on the shares. The Analysts at the ratings agency raises the price target from $86 per share to $96 per share. The rating by the firm was issued on August 5, 2016.

Shares of Jack in the Box Inc. rose by 0.21% in the last five trading days and 9.77% for the last 4 weeks. Jack in the Box Inc. is up 16.42% in the last 3-month period. Year-to-Date the stock performance stands at 30.87%.

Jack In The Box (NASDAQ:JACK): The stock opened at $99.61 on Tuesday but the bulls could not build on the opening and the stock topped out at $99.61 for the day. The stock traded down to $98.57 during the day, due to lack of any buying support eventually closed down at $99.25 with a loss of -0.31% for the day. The stock had closed at $99.56 on the previous day. The total traded volume was 264,628 shares.

In a related news, Guilbault Keith M, officer (QDOBA BRAND PRESIDENT) of Jack In The Box Inc /New/, unloaded 1,925 shares at an average price of $96.59 on August 8, 2016. The total amount of the transaction was worth $185,936, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Jack in the Box Inc. (JACK) is a restaurant company. The Company operates in two segments: Jack in the Box and Qdoba Restaurant Operations. It operates and franchises approximately 2,888 Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Grill fast-casual restaurants. The Companys Jack in the Box restaurants offer a selection of products targeted primarily at the adult fast-food consumer. Its menu features a variety of items, including hamburgers, tacos, specialty sandwiches, drinks, real ice cream shakes, salads and side items. The Companys Qdoba restaurants feature fresh ingredients and Mexican flavors that combine to create a variety of flavors and products.

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