Large Inflow of Money Witnessed in Akers Biosciences Inc

Akers Biosciences Inc (NASDAQ:AKER) : The money flow analysis of Akers Biosciences Inc (NASDAQ:AKER) indicates a $0.01 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $0.04 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 3.69 and so was the total money flow at $0.03 million. The bulls lapped up $0.01 million worth of block trades on upticks. The money flow was $0.01 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Akers Biosciences Inc (NASDAQ:AKER), pushing it down by -9.32% for the day. The stock slid $0.26 and traded at $2.57 during the day. Nonetheless, the stock is 33.66% over the previous weeks close.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Executive Officer) of Akers Biosciences Inc, Gormally John J, had purchased 2,500 shares in a transaction dated on May 24, 2016. The transaction was executed at $2.22 per share with total amount equaling $5,550. Currently the company Insiders own 13.4% of Akers Biosciences Inc shares according to the proxy statements. Institutional Investors own 5.34% of Akers Biosciences Inc shares.

The company shares have dropped -33.41% from its 1 Year high price. On Jul 24, 2015, the shares registered one year high at $4.54 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $1.96 and the 200 Day Moving Average price is recorded at $1.64. Akers Biosciences Inc (NASDAQ:AKER): The stock opened at $2.89 on Wednesday but the bulls could not build on the opening and the stock topped out at $3.04 for the day. The stock traded down to $2.57 during the day, due to lack of any buying support eventually closed down at $2.78 with a loss of -1.77% for the day. The stock had closed at $2.83 on the previous day. The total traded volume was 137,472 shares.

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