Stocks of Anthem (NYSE:ANTM) rallied by 0.62% during the past week but lost 2.5% on a 4-week basis. The company has outperformed the S&P 500 by 1.83% in the past week but underperformed the index by 3.39% in the last 4 weeks.
Anthem (NYSE:ANTM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $132.27 and $131.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $132.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $132.34, notching a gain of 0.05% for the day. The total traded volume was 2,039,367 . The stock had closed at $132.28 on the previous day.
The company shares have dropped -22.63% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $173.59 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $134.53 and the 200 Day Moving Average price is recorded at $135.89.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mccarthy Gloria M, officer (EVP & Chief Administrative Off) of Anthem, Inc., had unloaded 4,786 shares at an average price of $131.69 in a transaction dated on June 1, 2016. The total value of the transaction was worth $630,268.
Many analysts have stated their opinion on the company shares. Bernstein initiates coverage on Anthem (NYSE:ANTM). The rating major has initiated the coverage with outperform rating on the shares. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 0.37% of Anthem shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -22.51% . Institutional Investors own 89.09% of Anthem shares. During last six month period, the net percent change held by insiders has seen a change of -36.1%.
Anthem, Inc. is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations (PPOs), health maintenance organizations (HMOs), point-of-service (POS), plans, traditional indemnity plans and other hybrid plans, including consumer-driven health plans (CDHPs), and hospital only and limited benefit products. In addition, the Company also provides an array of managed care services to self-funded customers, including claims processing, underwriting, stop loss insurance, actuarial services, provider network access, medical cost management, disease management, wellness programs and other administrative services. The Company provides an array of specialty and other insurance products and services, such as dental, vision, life and disability insurance benefits, radiology benefit management and analytics-driven personal health care.