Large Outflow of Money Witnessed in Allergan plc.

Allergan plc. (AGN) : Money flow in the Allergan plc. (AGN) stock was negative (27.88 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $123.79 million, compared to $151.67 million on downticks. The total uptick to downtick ratio was 0.82, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($25.23 million), indicating selling on the strength. The transaction value during uptick in block trades was $37.84 million. Downtick transaction value in block trades amounted to $63.06 million, indicating persistent selling. The uptick to downtick ratio was 0.6. Allergan plc. (AGN) traded $1.08 higher at $248.92 gaining 0.44% over the previous days close.


Allergan plc. (AGN) : 11 Wall Street analysts covering Allergan plc. (AGN) believe that the average level the stock could reach for the short term is $294.64. The maximum price target given is $400 and the minimum target for short term is around $232, hence the standard deviation is calculated at $51.4.

Allergan plc. (NYSE:AGN): stock turned positive on Friday. Though the stock opened at $248.5, the bulls momentum made the stock top out at $249.75 level for the day. The stock recorded a low of $247.776 and closed the trading day at $248.98, in the green by 0.46%. The total traded volume for the day was 1,962,936. The stock had closed at $247.84 in the previous days trading.

In a related news, Hilado Maria Teresa, CFO of Allergan Plc, executed a transaction worth $159,678 on June 2, 2016. A total of 661 shares were purchased at an average price of $241.57. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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