Large Outflow of Money Witnessed in ScanSource, Inc.

ScanSource, Inc. (SCSC) managed to stay afloat and traded higher with an addition of 0.3 point or 0.76% at $39.85. The money flow data is a negative $(-3.62) million with $0.62 million in upticks and $4.24 million in downticks. The intraday up/down ratio came in at 0.15. The shares has seen -2.09% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0 million and the combined worth of the downticks was $3.53, Million, leading to the up/down ratio of 0. The block trade saw a net money flow of $(-3.53) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

ScanSource, Inc. has lost 2.91% in the last five trading days and dropped 0.74% in the last 4 weeks. ScanSource, Inc. is up 14.43% in the last 3-month period. Year-to-Date the stock performance stands at -0.74%. ScanSource, Inc. (NASDAQ:SCSC) rose 1.26% or 0.5 points on Wednesday and made its way into the gainers of the day. After trading began at $39.8 the stock was seen hitting $40.35 as a peak level and $39.55 as the lowest level. The stock ended up at $40.05. The daily volume was measured at 314,637 shares. The 52-week high of the share price is $43.489 and the 52-week low is $29.05. The company has a market cap of $1,007 million.

Company has reported several Insider transactions to the SEC, on Dec 13, 2016, John J. Ellsworth (EVP, Gen Counsel &Corp Sec) sold 10,000 shares at 40.08 per share price.On Dec 5, 2016, Michael L Baur (CEO) sold 100,000 shares at 37.21 per share price.On Jun 22, 2016, John Patrick Reilly (director) sold 10,000 shares at 38.84 per share price.

ScanSource Last issued its quarterly earnings results on Nov 7, 2016. The company reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.66. The company had revenue of $932.60 million for the quarter, compared to analysts expectations of $892.46 million. The companys revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

ScanSource, Inc. serves North America as a value-added distributor of specialty technologies, including automatic identification and point-of-sale products, and business telephone products. Serving only the value added reseller, ScanSource is committed to growing specialty technology markets by strengthening and enlarging the value added reseller channel. ScanSources commitment to value added resellers includes offering a broad product selection, competitive pricing, fast delivery, technical support, sales training, customer financing and qualified leads.


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