Lannett Co Inc (NYSE:LCI) : Investors lapped up stocks on upticks to the tune of $2.62 million in the Wednesdays trading session. The trading value on downticks was comparatively at $2.34 million and the uptick to downtick ratio of 1.12 indicates continuous buying by the bulls. The net money flow into the stock was $0.28 million. Only $0.29 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $0.01 clearly indicating buying by large investors. The total money flow for block trades stood at $-0.29 million, which is a positive for the stock in the long-term. Lannett Co Inc (NYSE:LCI) fell $0.08 during the day at $23.67, a drop of -0.34% over the previous days close. However, for the week, the stock is -2.31%, compared to the previous week.
In an insider trading activity,The officer (VP and CIO) of Lannett Co Inc, Ehlinger Robert sold 37,141 shares at $25.07 on June 22, 2016. The Insider selling transaction had a total value worth of $931,125. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 15.1% of Lannett Co Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -52.77% . Institutional Investors own 75.83% of Lannett Co Inc shares. During last six month period, the net percent change held by insiders has seen a change of -1.44%.
The company shares have dropped -59.51% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $62.90 and the one year low was seen on Mar 28, 2016. The 50-Day Moving Average price is $23.17 and the 200 Day Moving Average price is recorded at $25.49. Lannett Co Inc (NYSE:LCI): The stock opened at $23.93 on Wednesday but the bulls could not build on the opening and the stock topped out at $24.40 for the day. The stock traded down to $23.23 during the day, due to lack of any buying support eventually closed down at $23.66 with a loss of -0.38% for the day. The stock had closed at $23.75 on the previous day. The total traded volume was 795,302 shares.
Lannett Company, Inc. develops, manufactures, markets and distributes generic versions of brand pharmaceutical products. The Companys products include Levothyroxine Sodium tablets, Digoxin tablets, Butalbital products, Ursodiol capsules and pain management products. Levothyroxine Sodium tablets are produced and marketed with around 12 varying potencies. Digoxin tablets are produced and marketed with approximately two different potencies. It distributes around three products containing Butalbital. Ursodiol capsules are produced and marketed in 300 milligram capsules. The Company offers a range of pain management products, such as Cocaine Topical Solution (C-Topical), Morphine Sulfate Oral Solution, Hydromorphone hydrochloric acid (HCl) tablets and Codeine Sulfate tablets.