Shares of Illumina (NASDAQ:ILMN) Sees Large Outflow of Money

Illumina (NASDAQ:ILMN) : Net money flow in Illumina (NASDAQ:ILMN) was negative ($10.78 million) and the inflow of money on uptick was $29.2 million, whereas, the outflow of money on downticks amounted to $39.98 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.73. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $9.52 million. The money flow in block trades was negative ($9.52). Illumina (NASDAQ:ILMN) gained $2.57 cent during the day and reached $137.58, a gain of 1.9% over the previous day.


In an insider trading activity, The Securities and Exchange Commission has divulged that Bowman A Blaine, director of Illumina Inc, had unloaded 5,000 shares at an average price of $135.17 in a transaction dated on June 16, 2016. The total value of the transaction was worth $675,850. Currently the company Insiders own 1.6% of Illumina shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -18.62% . Institutional Investors own 98.55% of Illumina shares. During last six month period, the net percent change held by insiders has seen a change of -16.44%.

The company shares have dropped -38.82% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $242.37 and the one year low was seen on May 4, 2016. The 50-Day Moving Average price is $141.06 and the 200 Day Moving Average price is recorded at $154.99. Illumina (NASDAQ:ILMN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $135.88 and $135.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $138.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $137.58, notching a gain of 1.90% for the day. The total traded volume was 869,761 . The stock had closed at $135.01 on the previous day.

Illumina, Inc. is engaged in production development of sequencing-and array-based solutions for genetic analysis. The Company offers integrated systems, consumables and analysis tools for genetic analysis. It also manufactures sequencing and array platforms, reagent kits and scanning equipment. Its customers include genomic research centers, academic institutions, government laboratories, hospitals and reference laboratories, pharmaceutical, biotechnology, agrigenomics, commercial molecular diagnostic and consumer genomics companies. Its sequencing instruments perform a range of nucleic-acid analyses across a range of sample sizes. Its products and services are used for basic analysis and research, including de novo sequencing, genetic variation analysis, epigenetics and targeted screening, among others. It also provides products and services for other life sciences applied markets, such as agrigenomics. It also offers Clarity Run Manager, Clarity LIMS Silver and Clarity LIMS Gold.

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