Shares of Analog Devices (ADI) Sees Large Outflow of Money

Analog Devices (ADI) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (17.28 million) in Analog Devices (ADI). On Monday, The value of composite uptick trades was $19.73 million, whereas, the value of composite downtick trades was $37.01 million and the ratio between the two was 0.53, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $17.37 million. $0.64 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.04. The negative money flow of ($16.73 million) shows selling on strength. Analog Devices (ADI) gained $1.03 intraday at $65.27 and registrered 1.6% for the week.


Shares of Analog Devices, Inc. rose by 2.88% in the last five trading days and 8.51% for the last 4 weeks. Analog Devices, Inc. is up 18.61% in the last 3-month period. Year-to-Date the stock performance stands at 19.82%.

Analog Devices (NASDAQ:ADI): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.24 and $64.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $65.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.27, notching a gain of 1.60% for the day. The total traded volume was 2,534,051 . The stock had closed at $64.24 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Hess Rick D, officer (SVP, Comm & Automotive Group) of Analog Devices Inc, had unloaded 6,000 shares at an average price of $60.03 in a transaction dated on July 15, 2016. The total value of the transaction was worth $360,180.

Analog Devices, Inc. is engaged in the design, manufacture and marketing of high-performance analog, mixed-signal and digital signal processing integrated circuits (ICs). The Company is focused on solving the engineering challenges associated with signal processing in electronic equipment. The Companys produces a wide range of products including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro-electro mechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors that are designed to meet the needs of a broad base of customers. The Company focuses on strategic markets where its signal processing technology is often a critical differentiator in its customers products, in the industrial, automotive, consumer and communications markets.

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