Shares of Lincoln National Corporation (NYSE:LNC) Sees Large Outflow of Money

Lincoln National Corporation (NYSE:LNC) : The total money flow in Lincoln National Corporation (NYSE:LNC) was negative ($2.45 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $8.45 million. Transactions on upticks were comparatively lower at $6 million. The uptick to downtick ratio was 0.71. The total block trades on downticks were valued at $2.1 million. The money flow during block trades was negative ($2.1 million) when the stock traded with a gain of $20 cent. Lincoln National Corporation (NYSE:LNC) was $36.97, an increase of 0.54% over the previous days close.


In an insider trading activity, The Securities and Exchange Commission has divulged that Konen Mark E, (President – Ins. Sol. and Ann.) of Lincoln National Corp, had unloaded 16,000 shares at an average price of $45.26 in a transaction dated on May 18, 2016. The total value of the transaction was worth $724,160. Currently the company Insiders own 1.41% of Lincoln National Corporation shares according to the proxy statements. Institutional Investors own 82.07% of Lincoln National Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 1.71%.

The company shares have dropped -38.44% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $61.20 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $43.39 and the 200 Day Moving Average price is recorded at $41.73. Lincoln National Corporation (NYSE:LNC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.89 and $36.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.94, notching a gain of 3.18% for the day. The total traded volume was 3,905,115 . The stock had closed at $36.77 on the previous day.

Lincoln National Corporation is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. These products include fixed and indexed annuities, variable annuities, universal life insurance, variable universal life insurance, linked-benefit UL, term life insurance, indexed universal life insurance, employer-sponsored retirement plans and services, and group life, disability and dental. It operates in four segments: Annuities offers fixed (including indexed) and variable annuities. Retirement Plan Services provides employers with retirement plan products and services. Life Insurance focuses in the creation and protection of wealth through life insurance products. Group Protection offers principally group non-medical insurance products.

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