Large Outflow of Money Witnessed in Cigna Corporation

Cigna Corporation (CI) : The value of composite uptick trades was $9.89 million, whereas, the value of composite downtick trades was $13.24 million. The uptick to downtick ratio stood at 0.75 with a negative money flow of ($3.35) Million during Tuesdays trading session. The block trades money flow was negative ($1.88 million). The transaction of the trades on downticks amounted to $1.88 million, which confirms investors selling on the strength of price. Cigna Corporation (CI) gained 4 cents at $128.41, an increase of 0.03% over the previous days close.


The company Insiders own 1.2% of Cigna Corporation shares according to the proxy statements. Institutional Investors own 88.76% of Cigna Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -20.71%. In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (President & CEO) of Cigna Corp, Cordani David had sold 71,006 shares worth of $9,881,195 in a transaction dated March 4, 2016. In this transaction, 71,006 shares were sold at $139.16 per share.

Shares of Cigna Corp. rose by 1.78% in the last five trading days and 0.72% for the last 4 weeks. Cigna Corp. has dropped 4.99% during the last 3-month period . Year-to-Date the stock performance stands at -11.82%.

Cigna Corporation (NYSE:CI): stock turned positive on Tuesday. Though the stock opened at $128.12, the bulls momentum made the stock top out at $129.17 level for the day. The stock recorded a low of $128 and closed the trading day at $129, in the green by 0.49%. The total traded volume for the day was 1,328,833. The stock had closed at $128.37 in the previous days trading.

Cigna Corporation (Cigna), together with its subsidiaries, is a health services company. The Company offers medical, dental, disability, life and accident insurance and related products and services. The Company operates in three segments: Global Health Care, Global Supplemental Benefits and Group Disability and Life. The Global Health Care segment aggregates the commercial and Government operating segments. The Global Supplemental Benefits segment offers supplemental health, life and accident insurance products. The Group Disability and Life segment provides group long-term and short-term disability insurance, group life insurance, accident and specialty insurance and related services. Cigna offers commercial health and dental insurance, Medicare and Medicaid products and health, life and accident insurance coverages to individuals. It offers personal accident insurance coverage, consisting of accidental death and dismemberment and travel accident insurance.

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