Large Outflow of Money Witnessed in Anthem

Anthem (ANTM) : Net money flow in Anthem (ANTM) was negative ($2.05 million) and the inflow of money on uptick was $13.16 million, whereas, the outflow of money on downticks amounted to $15.22 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.87. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $2.65 million. On the other hand, the total value of block trades done on downticks was $4.08 million. The ratio of uptick to downtick block trades was 0.65. The money flow in block trades was negative ($1.43). Anthem (ANTM) gained $1.26 cent during the day and reached $140.26, a gain of 0.91% over the previous day.


Anthem (ANTM) : 13 investment research analysts covering Anthem (ANTM) have an average price target of $169.23 for the near short term. The highest target price given by the Brokerage Firm to the stock is $196 and the lowest target is $150 for the short term. Analysts expect the variance to be within $14.84 of the average price.

Anthem (NYSE:ANTM): stock turned positive on Friday. Though the stock opened at $139.73, the bulls momentum made the stock top out at $143.18 level for the day. The stock recorded a low of $139.14 and closed the trading day at $142.94, in the green by 2.83%. The total traded volume for the day was 2,631,711. The stock had closed at $139 in the previous days trading.

In a related news,The director officer (Chair, President & CEO) of Anthem, Inc., Swedish Joseph sold 8,171 shares at $131.74 on July 11, 2016. The Insider selling transaction had a total value worth of $1,076,448. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Anthem, Inc. is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations (PPOs), health maintenance organizations (HMOs), point-of-service (POS), plans, traditional indemnity plans and other hybrid plans, including consumer-driven health plans (CDHPs), and hospital only and limited benefit products. In addition, the Company also provides an array of managed care services to self-funded customers, including claims processing, underwriting, stop loss insurance, actuarial services, provider network access, medical cost management, disease management, wellness programs and other administrative services. The Company provides an array of specialty and other insurance products and services, such as dental, vision, life and disability insurance benefits, radiology benefit management and analytics-driven personal health care.

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