Shares of NetApp (NTAP) Sees Large Outflow of Money

NetApp (NTAP) : Mondays money flow analysis of NetApp (NTAP) 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 $8.66 million. In comparison, the inflow of money on upticks was a meager $6.39 million. The dollar value of composite uptick trades minus the downtick trades was negative $2.27 million. The uptick to downtick ratio of 0.74 in the money flow shows weakness. The downtick transaction value was high at $2.15 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($2.15 million). NetApp (NTAP) gained $0.31 at $28.76, a change of 1.09% over the previous days close.


Shares of NetApp, Inc. rose by 4.92% in the last five trading days and 13.97% for the last 4 weeks. NetApp, Inc. is up 24.05% in the last 3-month period. Year-to-Date the stock performance stands at 10.9%.

NetApp (NASDAQ:NTAP): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.43 and $28.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.80, notching a gain of 1.23% for the day. The total traded volume was 2,811,656 . The stock had closed at $28.45 on the previous day.

In a related news, Reich Joel D, Officer (Exec Vp, Product Operations) of NetApp, Inc., unloaded 2,241 shares at an average price of $24.35 on June 30, 2016. The total amount of the transaction was worth $54,568, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

NetApp, Inc. (NetApp) is engaged in providing software, systems and services to manage and store customer data. The Company offers a portfolio of products and services to a range of customer workloads across various data types and deployment models. Its data management solutions enable customers on-premises or in a public cloud resource to control, integrate, move and manage it. It offers both all-flash arrays and hybrid flash arrays and its portfolio includes hybrid and all-flash storage offerings. The Company also offers FlexPod solutions for workloads, such as big data, HPC and video analytics that integrate Hadoop. Its scale-out fabric-attached storage (FAS) platform uses the NetApp Data ONTAP storage operating system. Its Data ONTAP software delivers data protection, data management and software for virtualized, shared infrastructures, cloud computing and mixed workload business applications. The Company focuses on the data management and storage markets.

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