MetLife (MET) : The total money flow in MetLife (MET) was negative ($18.53 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $76.42 million. Transactions on upticks were comparatively lower at $57.9 million. The uptick to downtick ratio was 0.76. The total block trades done on upticks were valued at $7.51 million. The total block trades on downticks were valued at $26.47 million. The uptick to the downtick ratio of block trades was 0.28. The money flow during block trades was negative ($18.97 million) when the stock traded with a gain of $90 cent. MetLife (MET) was $43.31, an increase of 2.12% over the previous days close.
Also, In the latest statement by the brokerage house, Deutsche Bank downgrades its outlook on MetLife (NYSE:MET). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on July 13, 2016.
Shares of MetLife, Inc. rose by 6.7% in the last five trading days and 2.73% for the last 4 weeks. MetLife, Inc. has dropped 4.52% during the last 3-month period . Year-to-Date the stock performance stands at -7.69%.
MetLife (NYSE:MET): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.49 and $42.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.31, notching a gain of 2.12% for the day. The total traded volume was 8,586,148 . The stock had closed at $42.41 on the previous day.
In a related news, Morris Maria R, officer (EVP, Global Employee Benefits) of Metlife Inc, unloaded 2,000 shares at an average price of $42.96 on August 2, 2016. The total amount of the transaction was worth $85,920, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
MetLife, Inc. (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Companys segments include Retail; Group, Voluntary & Worksite Benefits, and Corporate Benefit Funding. Its three geographic segments are Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). In addition, MetLifes Corporate & Other includes MetLife Home Loans LLC (MLHL), the surviving, non-bank entity of the merger of MetLife Bank, National Association (MetLife Bank) with and into MLHL, and other business activities. Through its subsidiaries and affiliates, it operates in the United States, Japan, Latin America, Asia, Europe and the Middle East. The Companys businesses in the Americas offer a range of protection products and services.