Large Inflow of Money Detected in Red Hat

Red Hat (RHT) : The money flow analysis of Red Hat (RHT) indicates a $14.39 million of outflow was on downticks, whereas, the investors on Monday gobbled up stocks worth $15.92 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.11 and so was the total money flow at $1.54 million. A solid up-down ratio of 0.5 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $1.1 million worth of block trades on upticks. Only $2.21 million worth of the stock exchanged hands on downticks. The money flow was $-1.1 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Red Hat (RHT), pushing it down by -0.01% for the day. The stock slid $0.01 and traded at $73.99 during the day. Nonetheless, the stock is -2.43% over the previous weeks close.


Red Hat, Inc. has dropped 1.7% in the last five trading days, however, the shares have posted positive gains of 1.57% in the last 4 weeks. Red Hat, Inc. is up 1.44% in the last 3-month period. Year-to-Date the stock performance stands at -10.68%.

Red Hat (NYSE:RHT): The stock opened at $74.16 on Monday but the bulls could not build on the opening and the stock topped out at $74.16 for the day. The stock traded down to $73.16 during the day, due to lack of any buying support eventually closed down at $73.97 with a loss of -0.04% for the day. The stock had closed at $74.00 on the previous day. The total traded volume was 1,451,954 shares.

In a related news,The officer (EVP, General Counsel) of Red Hat Inc, Cunningham Michael sold 10,000 shares at $75 on July 26, 2016. The Insider selling transaction had a total value worth of $750,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Red Hat, Inc. is a provider of open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, middleware, storage and cloud technologies. The Company employs an open source development model. The open source development model allows it to use the collective input, resources and knowledge of a global community of contributors who can collaborate to develop, maintain and enhance software because the human-readable source code for that software is publicly available and licenses permit modification. The Company distributes its software offerings under open source licenses that permit access to the softwares human-readable source code. The Company provides its software offerings primarily under annual or multi-year subscriptions as well as on-demand through cloud service providers.

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