Large Inflow of Money Witnessed in Wright Medical Group

The shares of Wright Medical Group (NASDAQ:WMGI) traded with a loss of -0.14 points or -0.8% in the most recent session. The shares last traded at $17.33. As per the trading info, the shares saw $8.4 million in upticks and lost $4.74 million in downticks, resulting in a net money flow of $3.66 million. The up/down ratio for the day was measured at 1.77. For the week, the shares had posted -1.42%.From the block trade data available, the total upticks were valued at $3.9 million and the total downticks were valued at $0.26 million, thereby putting the up/down ratio at 15.24. The net money flow for the block transaction was $3.64 million.


The stock has recorded a 20-day Moving Average of 8.71% and the 50-Day Moving Average is 7.32%. The company shares have dropped 33.8% in the past 52 Weeks. On June 25, 2015 The shares registered one year high of $26.78 and one year low was seen on February 10, 2016 at $15.02. The 50-day moving average is $18.74 and the 200 day moving average is recorded at $19.2. S&P 500 has rallied 1.93% during the last 52-weeks.

Wright Medical Group (NASDAQ:WMGI): The stock opened at $17.49 on Tuesday but the bulls could not build on the opening and the stock topped out at $17.71 for the day. The stock traded down to $16.93 during the day, due to lack of any buying support eventually closed down at $17.33 with a loss of -0.80% for the day. The stock had closed at $17.47 on the previous day. The total traded volume was 2,096,671 shares.

Currently the company Insiders own 9.3% of Wright Medical Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.18% . Institutional Investors own 97.93% of Wright Medical Group shares. During last six month period, the net percent change held by insiders has seen a change of -5.11%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, Process Improvement) of Wright Medical Group N.V., Walker Jennifer S. had sold 1,167 shares worth of $22,570 in a transaction dated June 2, 2016. In this transaction, 1,167 shares were sold at $19.34 per share.

Wright Medical Group, Inc. is a global specialty orthopaedic company. The Company through Wright Medical Technology, Inc. (WMT) and other subsidiaries provides extremity and biologic solutions that enable clinicians to alleviate pain and restore the patients lifestyles. The Company operates through three segments: U.S., International and BioMimetic. The Companys business includes products that are used in foot and ankle repair, upper extremity products and biologics products, which are used to replace damaged or diseased bone, to stimulate bone growth and to provide other biological solutions for surgeons and patients. The Companys products include extremity hardware, foot and ankle hardware, upper extremity hardware and biologics.

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