Shares of Monotype Imaging Holdings (TYPE) Sees Large Outflow of Money

Monotype Imaging Holdings (TYPE): The stock had negative money flow to the tune of ($5.89 million) on Monday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $1.34 million, whereas, the outflow of money on downticks was $7.23 million and the ratio between the two was 0.19. The block trade had a negative net money flow of ($5.56 million). The total block trade value undertaken on upticks was $0.3 million. On the other hand, downticks amounted to $5.85 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.05. Monotype Imaging Holdings (TYPE) closed with marginal gains of 29 cents to end the day at $21.88, an increase of 1.34% over the previous days close. The stock recorded 2.39% for the week.


Shares of Monotype Imaging Holdings Inc. appreciated by 3.11% during the last five trading days but lost 12.2% on a 4-week basis. Monotype Imaging Holdings Inc. has dropped 6.26% during the last 3-month period . Year-to-Date the stock performance stands at -6.57%.

Monotype Imaging Holdings (NASDAQ:TYPE): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.46 and $21.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.88, notching a gain of 1.34% for the day. The total traded volume was 576,135 . The stock had closed at $21.59 on the previous day.

In a related news, Semmes Benjamin W.L. Iii, officer (EVP, Sales and Market Strategy) of Monotype Imaging Holdings Inc. had purchased 12,500 shares on August 1, 2016 in a transaction. The price per share was $20.49 and the total amount of the disclosed transaction was $256,125.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Monotype Imaging Holdings Inc. (Monotype) is a provider of type and technology for applications and consumer devices. The Company is engaged in the development, marketing and licensing of technologies and fonts. Its business is organized as follows: Creative Professional and original equipment manufacturer (OEM). For the Creative Professional market, it provides content across various devices and mediums. It offers products, such as Type, which include Monotype Libraries, Monotype, Linotype, FontFont, ITC, Ascender and Bitstream collections; E-commerce Websites; Web Fonts service, and font solutions. For the OEM market, it offers solutions for consumer device manufacturers and independent software vendors (ISVs). It offers technologies, such as screen imaging technologies, printer imaging technologies, creative tools, cloud-based technology platform and font management.

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