Amsurg (NASDAQ:AMSG) has tumbled 1.69% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 7.86% in the last four weeks. The stocks have underperformed the S&P 500 by 0.51% during the past week but Amsurg (NASDAQ:AMSG) it has outperformed the index in 4 weeks by 6.88%.
Amsurg (NASDAQ:AMSG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.45 and $76.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.76, notching a gain of 0.42% for the day. The total traded volume was 1,931,883 . The stock had closed at $78.43 on the previous day.
The company shares have rallied 9.50% from its 1 Year high price. On Sep 25, 2015, the shares registered one year high at $87.42 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $76.53 and the 200 Day Moving Average price is recorded at $74.49.
On the companys insider trading activities,The director officer (President and CEO) of Amsurg Corp, Holden Christopher A sold 3,000 shares at $77 on September 2, 2015. The Insider selling transaction had a total value worth of $231,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Wells Fargo initiates coverage on Amsurg (NASDAQ:AMSG). The current rating of the shares is Market Perform, according to the research report released by the firm. The rating by the firm was issued on June 15, 2016. Currently the company Insiders own 2.3% of Amsurg shares according to the proxy statements. Institutional Investors own 99.06% of Amsurg shares.
AmSurg Corp. is the owner and operator of ambulatory surgery centers (ASCs) in the United States. The Company is also a provider of outsourced physician services in the areas of anesthesiology, childrens services, emergency medicine and radiology. The Company operates in two segments: ambulatory surgery services and outsourced physician services. The ambulatory services segment, which acquires, develops and operates ambulatory surgery centers in partnership with physicians. The physician services segment, which provides outsourced physician services in multiple specialties to hospitals, ambulatory surgery centers and other healthcare facilities, primarily in the areas of anesthesiology, childrens services, emergency medicine and radiology. It operated approximately 246 ASCs in over 34 states and the District of Columbia in partnership with approximately 2,000 physicians, and provided physician services to over 320 healthcare facilities in 24 states.