Large Inflow of Money Detected in Owens & Minor

Owens & Minor (OMI) stock had a bullish inflow of $6.83 million worth of trades on uptick and an outflow of $4.2 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.63. The net money flow into the stock was $2.63 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $1.9 million. $1.9 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Owens & Minor (OMI) stock traded down $0.03 , and reached $36, a drop of -0.08% over the previous day. On a weekly basis, the stock is 0.39%, over the previous weeks close.


Owens & Minor (NYSE:OMI): The stock opened at $36.30 on Wednesday but the bulls could not build on the opening and the stock topped out at $36.38 for the day. The stock traded down to $35.93 during the day, due to lack of any buying support eventually closed down at $36.00 with a loss of -0.08% for the day. The stock had closed at $36.03 on the previous day. The total traded volume was 748,565 shares.

The stock has recorded a 20-day Moving Average of 2.96% and the 50-Day Moving Average is 2.4%. In a related news, The Securities and Exchange Commission has divulged that Smith Craig R, director of Owens & Minor Inc/Va/, had unloaded 5,000 shares at an average price of $35.93 in a transaction dated on May 9, 2016. The total value of the transaction was worth $179,650.

Owens & Minor, Inc. is a healthcare logistics company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company operates in two segments: Domestic and International. Domestic segment includes all functions in the United States relating to its role as a healthcare logistics company providing distribution, packaging and logistics services to healthcare providers and manufacturers. International segment consists of its European third-party logistics and packaging businesses. It is focused on its operations on healthcare logistics services and provides its customers with a service portfolio that covers procurement, inventory management, delivery and sourcing of products for the healthcare market. Its customers include hospitals, integrated healthcare systems, group purchasing organizations, manufacturers of life-science and medical devices and supplies, including pharmaceuticals.

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