Aspen Technology (AZPN) : Mondays money flow analysis of Aspen Technology (AZPN) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $15.61 million. In comparison, the inflow of money on upticks was a meager $10.51 million. The dollar value of composite uptick trades minus the downtick trades was negative $5.1 million. The uptick to downtick ratio of 0.67 in the money flow shows weakness. The uptick block trades were valued at $5.21 million. The downtick transaction value was high at $11.15 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.47. Hence, the net money flow in the stock was negative ($5.94 million). Aspen Technology (AZPN) gained $0.38 at $45.87, a change of 0.82% over the previous days close.
Shares of Aspen Technology, Inc. rose by 6.32% in the last five trading days and 7.1% for the last 4 weeks. Aspen Technology, Inc. is up 21.91% in the last 3-month period. Year-to-Date the stock performance stands at 20.68%.
Aspen Technology (NASDAQ:AZPN): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.68 and $45.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.57, notching a gain of 0.18% for the day. The total traded volume was 1,294,983 . The stock had closed at $45.49 on the previous day.
In a related news, The director officer (President & CEO), of Aspen Technology Inc /De/, Pietri Antonio J had unloaded 4,500 shares at $39.21 per share in a transaction on June 6, 2016. The total value of transaction was $176,445. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Aspen Technology, Inc. is a global provider of process optimization software solutions, which are designed to manage and optimize plant and process design, operational performance and supply chain planning. The Companys aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries. The Company has developed its applications to design and optimize processes across three principal business areas: engineering, manufacturing and supply chain. The Company has three operating segments: license; software maintenance and support (SMS), training and other, and professional services. The Company provides integrated process optimization software solutions designed and developed specifically for the process industries.