Large Inflow of Money Witnessed in SurModics

SurModics (NASDAQ:SRDX): $1.38 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 7.38. The value of trades done on upticks was $1.59 million, whereas, trades done on downticks were valued at $0.22 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $1.41 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $1.41 million. SurModics (NASDAQ:SRDX) fell $0.19 traded at $23.36, a change of -0.81% over the previous day. The stock is 0.17% for the week.


In an insider trading activity,The officer (SVP, Gen Counsel & Secretary) of Surmodics Inc, Phillips Bryan K sold 1,816 shares at $23.44 on June 14, 2016. The Insider selling transaction had a total value worth of $42,567. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 7.2% of SurModics shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -8.89% . Institutional Investors own 89.37% of SurModics shares. During last six month period, the net percent change held by insiders has seen a change of -19.46%.

The company shares have dropped -1.26% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $27.68 and the one year low was seen on Mar 24, 2016. The 50-Day Moving Average price is $22.85 and the 200 Day Moving Average price is recorded at $20.36. SurModics (NASDAQ:SRDX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.72 and $23.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.62, notching a gain of 0.30% for the day. The total traded volume was 114,939 . The stock had closed at $23.55 on the previous day.

SurModics, Inc., is a provider of surface modification and in vitro diagnostic technologies to the healthcare industry. The Company operates in two reportable segments: the Medical Device unit, which is comprised of surface modification coating technologies to improve access, deliverability, and predictable deployment of medical devices, as well as drug delivery coating technologies to provide site-specific drug delivery from the surface of a medical device, with end markets that include coronary, peripheral, and neurovascular, and urology, among others, and the In Vitro Diagnostics unit, which consists of component products and technologies for diagnostic immunoassay and molecular tests and biomedical research applications, with products that include protein stabilization reagents, substrates, antigens and surface coatings.

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