Shares of Netsuite Inc (N) Sees Large Outflow of Money

Netsuite Inc (N) : The total money flow in Netsuite Inc (N) was negative ($7.4 million), showing the domination of sellers in the Monday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $13.45 million. Transactions on upticks were comparatively lower at $6.05 million. The uptick to downtick ratio was 0.45. The total block trades on downticks were valued at $6.85 million. The money flow during block trades was negative ($6.85 million) when the stock traded with a gain of $2 cent. Netsuite Inc (N) was $108.62, an increase of 0.02% over the previous days close.


NetSuite Inc. has dropped 0.06% in the last five trading days, however, the shares have posted positive gains of 36.01% in the last 4 weeks. NetSuite Inc. is up 37.69% in the last 3-month period. Year-to-Date the stock performance stands at 28.36%.

Netsuite Inc (NYSE:N): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $108.64 and $108.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $108.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $108.62, notching a gain of 0.02% for the day. The total traded volume was 403,360 . The stock had closed at $108.60 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Forman Michael, officer (SVP, Global Controller) of Netsuite Inc, had unloaded 1,500 shares at an average price of $97.73 in a transaction dated on July 27, 2016. The total value of the transaction was worth $146,595.

NetSuite Inc. (NetSuite) is a provider of cloud-based financials, enterprise resource planning (ERP) and omnichannel commerce software suites. The Companys offerings include NetSuite, NetSuite OneWorld, NetSuite CRM+, NetSuite OpenAir PSA, SuiteCommerce, NetSuite POS, TribeHR, LightCMS, Add-On Modules, NetSuite Industry Editions and SuiteCloud Platform. Its main offering is NetSuite, which provides core business management capabilities. NetSuite, OneWorld and NetSuite CRM+ are designed for use by most types of businesses. NetSuite OpenAir (OpenAir) PSA is for professional services businesses. SuiteCommerce enables businesses to move from standalone transactional channels to an integrated commerce solution. NetSuite POS is a point-of-sale solution. TribeHR is a HCM solution. LightCMS is a Web-based software platform. SuiteCloud is the Companys technology platform. It delivers its applications over the Internet as a subscription service using the software-as-a-service (SaaS) model.

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