Shares of Cigna Corporation (NYSE:CI) Sees Large Outflow of Money

Cigna Corporation (NYSE:CI) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($3.96 million) and the uptick to downtick ratio was 0.86. The transaction value on upticks was $25.12 million and on downticks, the transaction value was $29.08 million. The transaction value of block trades during downticks was $4.61 million. The money flow was negative ($4.61 million), indicating the traders were booking profit on the price strength. Cigna Corporation (NYSE:CI) rose $3.61 at $128.82, during intraday Wednesday , a rise of 2.88% over the previous days close.


In an insider trading activity,The director officer (President & CEO) of Cigna Corp, Cordani David sold 71,006 shares at $139.16 on March 4, 2016. The Insider selling transaction had a total value worth of $9,881,195. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 1.2% of Cigna Corporation shares according to the proxy statements. Institutional Investors own 88.85% of Cigna Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -20.71%.

The company shares have dropped -22.73% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $168.36 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $128.49 and the 200 Day Moving Average price is recorded at $135.67. Cigna Corporation (NYSE:CI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $125.87 and $125.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $129.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $128.83, notching a gain of 2.89% for the day. The total traded volume was 1,377,312 . The stock had closed at $125.21 on the previous day.

Cigna Corporation (Cigna), together with its subsidiaries, is a health services company. The Company offers medical, dental, disability, life and accident insurance and related products and services. The Company operates in three segments: Global Health Care, Global Supplemental Benefits and Group Disability and Life. The Global Health Care segment aggregates the commercial and Government operating segments. The Global Supplemental Benefits segment offers supplemental health, life and accident insurance products. The Group Disability and Life segment provides group long-term and short-term disability insurance, group life insurance, accident and specialty insurance and related services. Cigna offers commercial health and dental insurance, Medicare and Medicaid products and health, life and accident insurance coverages to individuals. It offers personal accident insurance coverage, consisting of accidental death and dismemberment and travel accident insurance.

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