Large Inflow of Money Detected in MetLife

MetLife (MET) : Wednesdays money flow indicated an uptick to downtick ratio was at 3.59. The total value of inflow transactions on upticks was $5.29 million, whereas, the total value of outflow trades on downticks was $1.48 million. The total money flow was $3.82 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $3.54 million. The total value of the trades done on upticks was $3.54 million. MetLife (MET) was trading with a -0.28% change over previous days close. It fell $0.12 during the day and reached $42.85. The stock was 0.56% compared to the previous weeks close.


Also, Brokerage firm Deutsche Bank downgrades its rating on MetLife (NYSE:MET). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 13, 2016.

MetLife (NYSE:MET): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.25 and $42.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.15, notching a gain of 0.42% for the day. The total traded volume was 8,320,578 . The stock had closed at $42.97 on the previous day.

The stock has recorded a 20-day Moving Average of 6.89% and the 50-Day Moving Average is 1.42%. In a related news, The Securities and Exchange Commission has divulged that Morris Maria R, officer (EVP, Global Employee Benefits) of Metlife Inc, had unloaded 2,000 shares at an average price of $39.43 in a transaction dated on July 1, 2016. The total value of the transaction was worth $78,860.

MetLife, Inc. (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Companys segments include Retail; Group, Voluntary & Worksite Benefits, and Corporate Benefit Funding. Its three geographic segments are Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). In addition, MetLifes Corporate & Other includes MetLife Home Loans LLC (MLHL), the surviving, non-bank entity of the merger of MetLife Bank, National Association (MetLife Bank) with and into MLHL, and other business activities. Through its subsidiaries and affiliates, it operates in the United States, Japan, Latin America, Asia, Europe and the Middle East. The Companys businesses in the Americas offer a range of protection products and services.

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