Shares of Mylan N.V. (NASDAQ:MYL) Sees Large Outflow of Money

Mylan N.V. (NASDAQ:MYL) : Net money flow in Mylan N.V. (NASDAQ:MYL) was negative ($8.96 million) and the inflow of money on uptick was $25.43 million, whereas, the outflow of money on downticks amounted to $34.39 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 0.74. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $3.05 million. On the other hand, the total value of block trades done on downticks was $13.27 million. The ratio of uptick to downtick block trades was 0.23. The money flow in block trades was negative ($10.22). Mylan N.V. (NASDAQ:MYL) gained $0.4 cent during the day and reached $43.22, a gain of 0.93% over the previous day.


In an insider trading activity, Maroon Joseph C Md, director of Mylan N.V. had purchased 1,670 shares on June 3, 2016 in a transaction. The price per share was $44.95 and the total amount of the disclosed transaction was $75,067.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices. Currently the company Insiders own 0.71% of Mylan N.V. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.43% . Institutional Investors own 66.69% of Mylan N.V. shares. During last six month period, the net percent change held by insiders has seen a change of -11.04%.

The company shares have dropped -38.57% from its 1 Year high price. On Jul 6, 2015, the shares registered one year high at $73.90 and the one year low was seen on Oct 22, 2015. The 50-Day Moving Average price is $43.37 and the 200 Day Moving Average price is recorded at $47.01. Mylan N.V. (NASDAQ:MYL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.17 and $42.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.22, notching a gain of 0.93% for the day. The total traded volume was 4,748,841 . The stock had closed at $42.82 on the previous day.

Mylan N.V., formerly Mylan Inc., is a global pharmaceutical company, which develops, licenses, manufactures, markets and distributes generic, branded generic and specialty pharmaceuticals. Mylan operates in two segments: Generics and Specialty. The Companys generic pharmaceutical business is conducted primarily in the United States and Canada (collectively, North America); Europe, the Middle East, and Africa (collectively, EMEA); and India, Australia, Japan and New Zealand (collectively, Asia Pacific). Its specialty pharmaceutical business is conducted by Mylan Specialty L.P. (Mylan Specialty). The Companys API business is conducted through Mylan Laboratories Limited (Mylan India), which is included within the Asia Pacific region in its Generics Segment. Mylan provides products to customers in approximately 140 countries and territories.

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