Flextronics International Ltd. (FLEX) : The total negative money flow of $4.23 million on Monday indicates selling on strength. The inflow of money on upticks was $9.04 million, compared to $13.27 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.68. The negative money flow of $4.38 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $3.93 million in a block trade.The transaction value of block trade on downtick was $8.31 million. The uptick to downtick ratio was 0.47. The price action in the Flextronics International Ltd. (FLEX) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $12.94 with a gain of $0.09 , a change of 0.7% over the previous days close. The stock registered 2.29% for the week.
Shares of Flextronics International Ltd. rose by 1.97% in the last five trading days and 0.39% for the last 4 weeks. Flextronics International Ltd. is up 3.77% in the last 3-month period. Year-to-Date the stock performance stands at 15.43%.
Flextronics International Ltd. (NASDAQ:FLEX): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.84 and $12.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.94, notching a gain of 0.70% for the day. The total traded volume was 5,872,813 . The stock had closed at $12.85 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Watkins William D, director of Flextronics International Ltd., had unloaded 8,000 shares at an average price of $12.35 in a transaction dated on August 2, 2016. The total value of the transaction was worth $98,800.
Flextronics International Ltd. (Flextronics) is a Singapore-based provider of global supply chain solutions. The Company designs, builds, ships and serves packaged electronic products for its original equipment manufacturers (OEMs) in various groups. The Company offers a range of design and engineering services that relate to manufacturing (including enclosures, metals, plastic injection molding, precision plastics, machining, and mechanicals), system integration and assembly and test services, materials procurement, inventory management, logistics and after-sales services (including product repair, warranty services, re-manufacturing and maintenance), supply chain management software solutions and component product offerings (including rigid and flexible printed circuit boards and power adapters and chargers).