Shares of Veeva Systems (VEEV) Sees Large Outflow of Money

Veeva Systems (VEEV) : The total money flow in Veeva Systems (VEEV) was negative ($7.8 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 $14.74 million. Transactions on upticks were comparatively lower at $6.95 million. The uptick to downtick ratio was 0.47. The total block trades on downticks were valued at $8.41 million. The money flow during block trades was negative ($8.41 million) when the stock traded with a gain of $49 cent. Veeva Systems (VEEV) was $39.35, an increase of 1.26% over the previous days close.


Shares of Veeva Systems Inc. rose by 3.5% in the last five trading days and 9.02% for the last 4 weeks. Veeva Systems Inc. is up 42.09% in the last 3-month period. Year-to-Date the stock performance stands at 37.37%.

Veeva Systems (NYSE:VEEV): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.52 and $39.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.63, notching a gain of 0.71% for the day. The total traded volume was 1,249,179 . The stock had closed at $39.35 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Ritter Gordon, director of Veeva Systems Inc, had unloaded 19,200 shares at an average price of $38.3 in a transaction dated on August 8, 2016. The total value of the transaction was worth $735,360.

Veeva Systems Inc. (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Companys industry cloud for life sciences consists of the solution sets: Veeva CRM, its core customer relationship management solution and related solutions; Veeva Vault, its regulated content management and collaboration solutions; Veeva Network, its customer master data management solution, and Veeva OpenKey, its data and related services offerings. It provides updates to its software solutions three times per year. Updates are included in its subscription and are not subject to an additional fee. Upgrades are implemented by Veeva in its cloud computing environment such that when a new update is put into production, the prior version is replaced. Veeva OpenKey customer data is available in Australia, China, France, Italy, the United Kingdom and the United States.

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