Shares of Adeptus Health (ADPT) Sees Large Inflow of Net Money Flow

Adeptus Health (ADPT) : Fridays money flow data in Adeptus Health (ADPT) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $18.82 million, whereas, $16.32 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.15, in favor of the bulls. The total money flow into the stock was $2.51 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $1.7 million. The total value of block trades done on upticks was $2.34 million. The value of bearish trades on downticks was only $0.63 million.The up/down ratio in the block trades was a healthy 3.69 in favor of the bulls, suggesting strong buying in the stock by large traders. Adeptus Health (ADPT) fell $2.17 and traded at $47.1, down -4.4% for the day, over previous days close. On a weekly basis, the shares are -12.73% over the previous weeks close.


Adeptus Health (ADPT) : Currently there are 5 street experts covering Adeptus Health (ADPT) stock. The most bullish and bearish price target for the stock is $113 and $83 respectively for the short term. The average price target of all the analysts comes to $94.8. The estimated standard deviation from the target is $12.81.

Adeptus Health (NYSE:ADPT): On Fridays trading session , Opening price of the stock was $48.81 with an intraday high of $50.05. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $45.8001. However, the stock managed to close at $47.1, a loss of 4.40% for the day. On the previous day, the stock had closed at $49.27. The total traded volume of the day was 1,446,360 shares.

Adeptus Health Inc. is a holding company. The Company owns and operates First Choice Emergency Rooms, a network of independent freestanding emergency rooms in the United States. The Company provides emergency care through its freestanding emergency rooms. The Company provides patients with access to Board-certified physicians and emergency trained registered nurses and treatments on?site. The Companys facilities are equipped with radiology suite, including computerized tomography (CT) scanners, digital x-ray and ultrasound, as well as onsite laboratories. As of December 31, 2014, the Company had 55 facilities. The Companys facilities are located in the Houston, Dallas/Fort Worth, San Antonio and Austin, Texas markets; Colorado Springs and Denver, Colorado, and Phoenix, Arizona.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.