Large Inflow of Money Witnessed in EXACT Sciences Corporation

EXACT Sciences Corporation (NASDAQ:EXAS) stock had a bullish inflow of $1.53 million worth of trades on uptick and an outflow of $1.41 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.09. The net money flow into the stock was $0.12 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.39 million. $0.39 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, EXACT Sciences Corporation (NASDAQ:EXAS) stock traded down $0.01 , and reached $11.19, a drop of -0.09% over the previous day. On a weekly basis, the stock is -3.03%, over the previous weeks close.


In an insider trading activity, The officer (SVP and General Counsel), of Exact Sciences Corp, Coward D Scott had unloaded 1,685 shares at $6.62 per share in a transaction on April 1, 2016. The total value of transaction was $11,155. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 5.5% of EXACT Sciences Corporation shares according to the proxy statements. Institutional Investors own 82.09% of EXACT Sciences Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 7.93%.

The company shares have dropped -60.45% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $30.00 and the one year low was seen on Mar 1, 2016. The 50-Day Moving Average price is $7.65 and the 200 Day Moving Average price is recorded at $7.12. EXACT Sciences Corporation (NASDAQ:EXAS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.31 and $10.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.29, notching a gain of 0.80% for the day. The total traded volume was 2,787,925 . The stock had closed at $11.20 on the previous day.

Exact Sciences Corporation is a molecular diagnostics company focused on the early detection and prevention of colorectal cancer. The Company has developed a non?invasive screening test called Cologuard for colorectal cancer. Its Cologuard test is a non?invasive stool?based deoxyribonucleic acid (DNA) (sDNA) screening test designed to detect DNA markers. In addition to DNA markers, its test includes a protein marker to detect blood in the stool, utilizing an antibody?based fecal immunochemical test (FIT). The Companys Cologuard test is designed to detect pre?cancerous lesions or polyps, and each of the four stages of colorectal cancer. By detecting pre?cancers and cancers early with its test, affected patients can be referred to colonoscopy, during which the polyps or lesions can be removed. The companys test also detects blood in stool, utilizing an antibody based FIT test.

Leave a Reply

Get Pre-Market Alerts!

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