Marketo (MKTO) : Investors lapped up stocks on upticks to the tune of $17.78 million in the Mondays trading session. The trading value on downticks was comparatively at $8.89 million and the uptick to downtick ratio of 2 indicates continuous buying by the bulls. The net money flow into the stock was $8.89 million. Upticks saw transactions worth $10.18 clearly indicating buying by large investors. The total money flow for block trades stood at $10.18 million, which is a positive for the stock in the long-term. Marketo (MKTO) fell $0.37 during the day at $34.69, a drop of -1.06% over the previous days close. However, for the week, the stock is -1.28%, compared to the previous week.
Marketo, Inc. has lost 0.94% in the last five trading days and dropped 0.69% in the last 4 weeks. Marketo, Inc. is up 28.52% in the last 3-month period. Year-to-Date the stock performance stands at 21.18%.
Marketo (NASDAQ:MKTO): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.75 and $34.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.79, notching a gain of 0.29% for the day. The total traded volume was 691,431 . The stock had closed at $34.69 on the previous day.
In a related news,The officer (EVP Worldwide Field Operations) of Marketo, Inc., Winter Steven M sold 2,656 shares at $35.15 on August 1, 2016. The Insider selling transaction had a total value worth of $93,358. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Marketo, Inc. (Marketo) is engaged in providing cloud-based marketing solutions platform for the organizations ranging from small and medium businesses to largest enterprises, to engage in modern relationship marketing. The Companys platform provides the execution, management and analytical measurement of online, social, mobile and offline marketing activities and customer interactions in multi-channel business environment. The Companys platform offers an integrated suite of applications, which include marketing automation, sales insight, revenue analytics, marketing calendar, real-time personalization and social marketing. Its applications are complemented by the Marketo Marketing Nation, a network of more than 400 third-party solutions through the Companys LaunchPoint ecosystem. The Company has approximately 3,794 customers across a range of industries, including business services, consumer, financial services, healthcare, manufacturing, media, technology and telecommunications.