Shares of Flex Ltd. (FLEX) Sees Large Inflow of Net Money Flow

Flex Ltd. (FLEX) traded negative at $15.49. On an intraday basis, the price dropped -0.18 points or -1.15%. The composite uptick value was $21.2 million while the combined downtick value was $9.56. The net money flow was $11.64 million while the up/down ratio was not very comforting at 2.22. The shares on a weekly note has seen a change in share price of -3.19%.According to the trading data, the shares saw a block trade with $11.51 million in upticks and $0.5 million in downticks. The up/down ratio for the block was calculated to be 23.22. The net money flow for the block trade was 11.01.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Flex Ltd. rose by 2.38% in the last five trading days and 7.79% for the last 4 weeks. Flex Ltd. is up 9.16% in the last 3-month period. Year-to-Date the stock performance stands at 7.79%. Flex Ltd. (NASDAQ:FLEX) witnessed a decline in the market cap on Wednesday as its shares dropped 1.15% or 0.18 points. After the session commenced at $15.86, the stock reached the higher end at $15.94 while it hit a low of $15.34. With the volume soaring to 6,739,075 shares, the last trade was called at $15.49. The company has a 52-week high of $16.16. The company has a market cap of $8,291 million and there are 535,220,959 shares in outstanding. The 52-week low of the share price is $9.69.

Company has reported several Insider transactions to the SEC, on Jan 18, 2017, Lay Koon Tan (director) sold 293 shares at 14.69 per share price.On Nov 29, 2016, David P Bennett (Chief Accounting Officer) sold 7,500 shares at 14.52 per share price.On Nov 29, 2016, H Raymond Bingham (director) sold 20,000 shares at 14.51 per share price.

Flextronics International Ltd. Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.33. The company had revenue of $6115.00 million for the quarter, compared to analysts expectations of $6210.46 million. The companys revenue was down -9.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.35 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Needham on Jan 27, 2017 to Buy, Raises Price Target to $ 17 from a previous price target of $16 .Company shares were Reiterated by Stifel on Jan 27, 2017 to Buy, Raises Price Target to $ 17 from a previous price target of $16 .

Flextronic International is a leading provider of advanced electronics manufacturing services to OEMs primarily in the telecommunications and networking, consumer electronics and computer industries. The companys strategy is to provide customers with the ability to outsource, on a global basis, a complete product wherethe companys take responsibility for engineering, supply chain management, assembly, integration, test and logistics management. The company provides complete product design services, including electrical and mechanical, circuit and layout.


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