Shares of Aetna (NYSE:AET) Sees Large Outflow of Money

Aetna (NYSE:AET) : Money flow in the Aetna (NYSE:AET) stock was negative (5.89 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $49.07 million, compared to $54.96 million on downticks. The total uptick to downtick ratio was 0.89, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($4.57 million), indicating selling on the strength. The transaction value during uptick in block trades was $2.19 million. Downtick transaction value in block trades amounted to $6.76 million, indicating persistent selling. The uptick to downtick ratio was 0.32. Aetna (NYSE:AET) traded $2.27 higher at $121.16 gaining 1.91% over the previous days close.


In an insider trading activity, The officer (EVP, Operations & Technology), of Aetna Inc /Pa/, Mccarthy Margaret M had unloaded 39,169 shares at $114.45 per share in a transaction on May 10, 2016. The total value of transaction was $4,482,892. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.9% of Aetna shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -41.05% . Institutional Investors own 95.28% of Aetna shares. During last six month period, the net percent change held by insiders has seen a change of -29.77%.

The company shares have dropped -7.77% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $129.74 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $116.33 and the 200 Day Moving Average price is recorded at $110.63. Aetna (NYSE:AET): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $119.86 and $119.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $121.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $121.18, notching a gain of 1.93% for the day. The total traded volume was 2,283,558 . The stock had closed at $118.89 on the previous day.

Aetna Inc. is a diversified health care benefits company. The Company offers a range of traditional, voluntary and consumer-directed health insurance products and related services. The Companys operations are conducted in three business segments: Health Care, Group Insurance and Large Case Pensions. The Companys Health Care segment includes medical, pharmacy benefit management services, dental, behavioral health and vision plans. The Companys Group Insurance segments products consist primarily of Life Insurance Products, Disability Insurance Products and Long-Term Care Insurance Products. The Companys Large Case Pensions segment manages a variety of retirement products (including pension and annuity products) primarily for tax-qualified pension plans. The Companys customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, Governmental units, Government-sponsored plans, labor groups and expatriates.

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