Tech Data Corporation (TECD) : Tuesdays money flow analysis of Tech Data Corporation (TECD) 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 $23.13 million. In comparison, the inflow of money on upticks was a meager $19.81 million. The dollar value of composite uptick trades minus the downtick trades was negative $3.32 million. The uptick to downtick ratio of 0.86 in the money flow shows weakness. The downtick transaction value was high at $1.14 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($1.14 million). Tech Data Corporation (TECD) gained $3.29 at $75.56, a change of 4.55% over the previous days close.
Tech Data Corp. has lost 7.2% in the last five trading days and dropped 3.47% in the last 4 weeks. Tech Data Corp. has dropped 1.37% during the last 3-month period . Year-to-Date the stock performance stands at 13.57%.
Tech Data Corporation (NASDAQ:TECD): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.58 and $72.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.39, notching a gain of 4.32% for the day. The total traded volume was 1,339,762 . The stock had closed at $72.27 on the previous day.
In a related news, Cano Nestor, officer (President, Europe) of Tech Data Corp, unloaded 5,498 shares at an average price of $76.95 on March 31, 2016. The total amount of the transaction was worth $423,071, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing customers with logistics capabilities and services. Its customers include approximately 115,000 value-added resellers (VARs), direct marketers, retailers and corporate resellers who support the diverse technology needs of end users. It sells its products to customers in more than 100 countries throughout North America, South America, Europe, the Middle East and Africa. The Company is managed in two geographic segments: the Americas and Europe. In addition to a range of product offerings, the Company provides resellers training and technical support, suite of electronic commerce tools (including Internet order entry and electronic data interchange (EDI) services), customized shipping documents, product configuration or integration services and access to financing programs.