Large Outflow of Money Witnessed in Medidata Solutions

Medidata Solutions (MDSO) : The value of composite uptick trades was $0.98 million, whereas, the value of composite downtick trades was $2.09 million. The uptick to downtick ratio stood at 0.47 with a negative money flow of ($1.11) Million during Fridays trading session. The block trades money flow was negative ($1.22 million). The transaction of the trades on downticks amounted to $1.22 million, which confirms investors selling on the strength of price. Medidata Solutions (MDSO) gained 15 cents at $51.15, an increase of 0.29% over the previous days close.


Medidata Solutions (MDSO) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $65 and the lowest price target forecast is $36. The average forecast of all the analysts is $53.86 and the expected standard deviation is $8.99.

Medidata Solutions (NASDAQ:MDSO): stock turned positive on Friday. Though the stock opened at $51.13, the bulls momentum made the stock top out at $51.855 level for the day. The stock recorded a low of $50.86 and closed the trading day at $51.63, in the green by 1.24%. The total traded volume for the day was 405,334. The stock had closed at $51 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Hirschfeld Steven Isaac, officer (Vice Chairman) of Medidata Solutions, Inc., had unloaded 20,825 shares at an average price of $52.85 in a transaction dated on July 20, 2016. The total value of the transaction was worth $1,100,601.

Medidata Solutions Inc. (Medidata) provides cloud-based solutions for life sciences. The Companys solutions are Medidata Rave, an electronic data capture (EDC) and clinical data management system (CDMS) solution; Medidata CTMS, a clinical trial management solution; Medidata Designer, a protocol design tool; Medidata Insights, which offer clinical business analytics and metrics; Medidata Balance, a randomization and trial supply management solution; Medidata Patient Cloud, an electronic patient-reported outcome (ePRO) application; Medidata Grants Manager, which develops and manages trial budgets; Medidata contract research organizations (CRO) Contractor, an analytics tool; Medidata SQM, a set of cloud-based site quality management dashboards; Medidata Coder, a medical coding and synonym management solution; Medidata Safety Gateway, which collects and transmits events and related data from the EDC system, and Medidata Targeted SDV, which implements risk-based monitoring strategies.

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