Large Inflow of Money Detected in Express Scripts Holding Company

Express Scripts Holding Company (ESRX) : Wednesdays money flow data in Express Scripts Holding Company (ESRX) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $2.6 million, whereas, $0.67 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 3.88, in favor of the bulls. The total money flow into the stock was $1.93 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $2.01 million. The total value of block trades done on upticks was $2.01 million. Express Scripts Holding Company (ESRX) fell $0.08 and traded at $78.92, down -0.1% for the day, over previous days close. On a weekly basis, the shares are -0.52% over the previous weeks close.


Also, Equity Analysts at the Morgan Stanley downgrades the rating on Express Scripts Holding Company (NASDAQ:ESRX). The brokerage firm has issued a Underweight rating on the shares. The Analysts at the ratings agency raises the price target from $67 per share to $70 per share. The rating by the firm was issued on June 20, 2016.

Express Scripts Holding Company (NASDAQ:ESRX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $79.10 and $78.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.18, notching a gain of 0.23% for the day. The total traded volume was 3,262,192 . The stock had closed at $79.00 on the previous day.

The stock has recorded a 20-day Moving Average of 3.08% and the 50-Day Moving Average is 4.99%. In a related news, The officer (Senior VP, Supply Chain), of Express Scripts Holding Co., Neville Everett had unloaded 800 shares at $74.11 per share in a transaction on May 10, 2016. The total value of transaction was $59,288. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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