Large Outflow of Money Witnessed in Medtronic plc

Medtronic plc (MDT) : The total negative money flow of $29.44 million on Tuesday indicates selling on strength. The inflow of money on upticks was $46.58 million, compared to $76.02 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.61. The negative money flow of $29.39 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $7.55 million in a block trade.The transaction value of block trade on downtick was $36.94 million. The uptick to downtick ratio was 0.2. The price action in the Medtronic plc (MDT) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $88.51 with a gain of $0.15 , a change of 0.17% over the previous days close. The stock registered 1.7% for the week.


The company Insiders own 0.21% of Medtronic plc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.16% . Institutional Investors own 83.13% of Medtronic plc shares. During last six month period, the net percent change held by insiders has seen a change of -4.53%. In an insider trading activity, Surface Carol A, officer (SVP, Chief HR Officer) of Medtronic Plc, unloaded 9,787 shares at an average price of $87.08 on July 6, 2016. The total amount of the transaction was worth $852,252, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Shares of Medtronic plc rose by 2.66% in the last five trading days and 4.27% for the last 4 weeks. Medtronic plc is up 16.63% in the last 3-month period. Year-to-Date the stock performance stands at 16.76%.

Medtronic plc (NYSE:MDT): stock turned positive on Tuesday. Though the stock opened at $88.73, the bulls momentum made the stock top out at $89.25 level for the day. The stock recorded a low of $88.5 and closed the trading day at $88.92, in the green by 0.46%. The total traded volume for the day was 4,280,007. The stock had closed at $88.51 in the previous days trading.

Medtronic plc (Medtronic) is a medical technology and services company. The Company develops, manufactures and markets its medical devices and technologies to hospitals, physicians, clinicians and patients in approximately 160 countries. The Company operates in four segments: Cardiac and Vascular Group, Minimally Invasive Technologies Group, Restorative Therapies Group and Diabetes Group. The Cardiac and Vascular Group segment includes Cardiac Rhythm & Heart Failure, Coronary & Structural Heart and Aortic & Peripheral Vascula. Its Minimally Invasive Technologies Group segment includes Surgical Solutions and Patient Monitoring and Recovery. Its Restorative Therapies Group segment includes Spine, Neuromodulation, Surgical Technologies and Neurovascular. Its Diabetes Group segment includes Intensive Insulin Management, Non-Intensive Diabetes Therapies and Diabetes Services & Solutions. Medtronic, Inc. is a subsidiary of the Company.

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