ExamWorks Group (EXAM) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $9.56 million worth of transactions were on upticks, whereas, the downticks accounted for $7.1 million worth of transactions. The net money flow was a positive $2.46 million and the uptick to downtick ratio was 1.35. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 1.44 in their favor. The net money flow into the stock was $2.04 million. The value of block trades done on downticks was only $4.59 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $6.64 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. ExamWorks Group (EXAM) was trading at $35.05, down $0.14 during day. The stock slid -0.4% over the previous days close. For the week, the stock recorded -0.06% over the previous weeks close.
Also, Equity Analysts at the William Blair downgrades the rating on ExamWorks Group (NYSE:EXAM). The brokerage firm has issued a Market Perform rating on the shares. The shares were previously rated Outperform. The rating by the firm was issued on June 2, 2016.
ExamWorks Group (NYSE:EXAM): The stock opened at $35.17 on Wednesday but the bulls could not build on the opening and the stock topped out at $35.18 for the day. The stock traded down to $35.03 during the day, due to lack of any buying support eventually closed down at $35.05 with a loss of -0.40% for the day. The stock had closed at $35.19 on the previous day. The total traded volume was 1,181,038 shares.
The stock has recorded a 20-day Moving Average of 0.4% and the 50-Day Moving Average is 0.39%. In a related news, Fernandez De Castro Jose Migue, officer (CFO, Senior EVP and Treasurer) of Examworks Group, Inc., unloaded 9,798 shares at an average price of $34.8 on June 6, 2016. The total amount of the transaction was worth $340,970, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
ExamWorks Group, Inc. (ExamWorks) provides independent medical examinations (IMEs), peer reviews, bill reviews, Medicare compliance, case management and other related services (IME services or the IME industry). The Company has four geographic segments: the United States, Canada, the United Kingdom and Australia. It provides most of IME services through its medical panel of independently contracted, credentialed physicians and other medical providers. Its clients include property and casualty insurance carriers, law firms, third-party claim administrators and government agencies that use independent services to confirm the veracity of claims by sick or injured individuals and to facilitate the delivery and quality of cost-effective care for workers compensation, automotive, personal injury liability and disability insurance coverage. The Company helps its clients manage costs and enhance their risk management and compliance processes.