Shares of Accenture plc. (ACN) Sees Large Outflow of Money

Accenture plc. (ACN) : The total money flow in Accenture plc. (ACN) was negative ($8.37 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $36.49 million. Transactions on upticks were comparatively lower at $28.12 million. The uptick to downtick ratio was 0.77. The total block trades done on upticks were valued at $4.55 million. The total block trades on downticks were valued at $13.93 million. The uptick to the downtick ratio of block trades was 0.33. The money flow during block trades was negative ($9.38 million) when the stock traded with a gain of $50 cent. Accenture plc. (ACN) was $115.35, an increase of 0.44% over the previous days close.


Also, Pacific Crest initiates coverage on Accenture plc. (NYSE:ACN). The rating major has initiated the coverage with overweight rating on the shares. The rating by the firm was issued on July 12, 2016.

Accenture plc has dropped 0.11% in the last five trading days, however, the shares have posted positive gains of 2.19% in the last 4 weeks. Accenture plc has dropped 3.08% during the last 3-month period . Year-to-Date the stock performance stands at 11.45%.

Accenture plc. (NYSE:ACN): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $114.98 and $114.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $115.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $115.35, notching a gain of 0.44% for the day. The total traded volume was 1,319,021 . The stock had closed at $114.85 on the previous day.

In a related news,The officer (Group Chief Executive-Fin Serv) of Accenture Plc, Lumb Richard sold 1,250 shares at $113.12 on August 10, 2016. The Insider selling transaction had a total value worth of $141,400. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Companys business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Companys segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources. The Communications, Media & Technology segment serves the communications, electronics, technology, media and entertainment industries. The Financial Services segment serves the banking, capital markets and insurance industries. The Health & Public Service segment serves healthcare payers and providers, government departments, public service organizations, educational institutions and non-profit organizations. The Products segment serves consumer-relevant industries. The Resources segment serves the chemicals, energy, forest products, metals and mining, utilities and related industries.

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