Shares of HealthSouth Corporation (HLS) Sees Large Outflow of Money

HealthSouth Corporation (HLS): The stock had negative money flow to the tune of ($3.27 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $0.96 million, whereas, the outflow of money on downticks was $4.23 million and the ratio between the two was 0.23. The block trade had a negative net money flow of ($3.35 million). On the other hand, downticks amounted to $3.35 million of the traded value, which shows distribution in the stock by traders. HealthSouth Corporation (HLS) closed with marginal gains of 11 cents to end the day at $40.49, an increase of 0.26% over the previous days close. The stock recorded 1.31% for the week.


Also, In a research note released to the investors, Barclays downgrades its rating on HealthSouth Corporation (NYSE:HLS).The analysts at the brokerage house have a current rating of Underweight on the shares. Earlier, the shares were rated a Equal-weight by the brokerage firm. In a recent information released to the investors, Barclays lowers the new price target from $45 per share to $42 per share. The rating by the firm was issued on June 27, 2016.

HealthSouth Corporation (NYSE:HLS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.62 and $40.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.65, notching a gain of 0.67% for the day. The total traded volume was 635,574 . The stock had closed at $40.38 on the previous day.

The stock has recorded a 20-day Moving Average of 3.19% and the 50-Day Moving Average is 1.92%. In a related news,The officer (Chief Human Resources Officer) of Healthsouth Corp, Levy Cheryl B. sold 11,000 shares at $41.44 on April 29, 2016. The Insider selling transaction had a total value worth of $455,840. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

HealthSouth Corporation (HealthSouth) is an owner and operator of inpatient rehabilitation hospitals. The Companys inpatient rehabilitation hospitals offer rehabilitative care across an array of diagnoses, which include physical and cognitive disabilities or injuries due to medical conditions, such as strokes, hip fractures, head injuries, spinal cord injuries and a variety of debilitating neurological conditions. HealthSouth operates in around 33 states across the United States and in Puerto Rico and serves patients through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. The Companys inpatient rehabilitation hospitals offer rehabilitative care across an array of diagnoses. As of December 31, 2014, the Company operated 107 inpatient rehabilitation hospitals. The Companys inpatient hospitals are concentrated in the eastern half of the United States and Texas.

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