Shares of Eli Lilly and Company (NYSE:LLY) Sees Large Outflow of Money

Eli Lilly and Company (NYSE:LLY) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($5.49 million) and the uptick to downtick ratio was 0.86. The transaction value on upticks was $34.86 million and on downticks, the transaction value was $40.35 million. In block trades, the transaction value of inflow done during uptick was $6.83 million. The transaction value of block trades during downticks was $13.94 million. The uptick to downtick block trade ratio was 0.49. The money flow was negative ($7.11 million), indicating the traders were booking profit on the price strength. Eli Lilly and Company (NYSE:LLY) rose $2.59 at $77.74, during intraday Wednesday , a rise of 3.45% over the previous days close.


In an insider trading activity, Barnes Melissa S, officer (Chief Eth/Cmpl Ofcr & SVP, ERM) of Lilly Eli & Co, unloaded 992 shares at an average price of $73.77 on June 10, 2016. The total amount of the transaction was worth $73,180, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.2% of Eli Lilly and Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.61% . Institutional Investors own 76.07% of Eli Lilly and Company shares. During last six month period, the net percent change held by insiders has seen a change of -0.63%.

The company shares have dropped -11.43% from its 1 Year high price. On Sep 17, 2015, the shares registered one year high at $92.85 and the one year low was seen on Mar 17, 2016. The 50-Day Moving Average price is $74.87 and the 200 Day Moving Average price is recorded at $76.40. Eli Lilly and Company (NYSE:LLY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $75.88 and $75.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.15, notching a gain of 3.99% for the day. The total traded volume was 7,123,712 . The stock had closed at $75.15 on the previous day.

Eli Lilly and Company (Lilly) is engaged in drug manufacturing business. The Company discovers, develops, manufactures and market products in two segments: human pharmaceutical products and animal health products. The Companys products are sold in approximately 120 countries. The Companys human pharmaceutical business segment sells medicines, which are discovered or developed by its scientists. Its animal health business segment operates through the Companys Elanco division, which develops, manufactures and markets products for both food animals and companion animals. The Company manufactures and distributes its products through facilities in the United States, Puerto Rico and 11 other countries. Its products include endocrinology products, neuroscience products, oncology products, cardiovascular products, products for food animals, products for companion animals and Novartis AH products.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.