Shares of Aetna (AET) Sees Large Outflow of Money

Aetna (AET): The stock had negative money flow to the tune of ($5 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $45.81 million, whereas, the outflow of money on downticks was $50.8 million and the ratio between the two was 0.9. The block trade had a negative net money flow of ($1.99 million). The total block trade value undertaken on upticks was $1.37 million. On the other hand, downticks amounted to $3.36 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.41. Aetna (AET) closed with marginal gains of 119 cents to end the day at $116.34, an increase of 1.03% over the previous days close. The stock recorded -1.93% for the week.


Also, Bernstein initiates coverage on Aetna (NYSE:AET). The current rating of the shares is Outperform, according to the research report released by the firm. The rating by the firm was issued on June 16, 2016.

Aetna (NYSE:AET): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $115.97 and $115.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $117.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $116.49, notching a gain of 1.16% for the day. The total traded volume was 2,992,569 . The stock had closed at $115.15 on the previous day.

The stock has recorded a 20-day Moving Average of 1.65% and the 50-Day Moving Average is 0.14%. In a related news, Mccarthy Margaret M, officer (EVP, Operations & Technology) of Aetna Inc /Pa/, unloaded 39,169 shares at an average price of $114.45 on May 10, 2016. The total amount of the transaction was worth $4,482,892, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Aetna Inc. is a diversified health care benefits company. The Company offers a range of traditional, voluntary and consumer-directed health insurance products and related services. The Companys operations are conducted in three business segments: Health Care, Group Insurance and Large Case Pensions. The Companys Health Care segment includes medical, pharmacy benefit management services, dental, behavioral health and vision plans. The Companys Group Insurance segments products consist primarily of Life Insurance Products, Disability Insurance Products and Long-Term Care Insurance Products. The Companys Large Case Pensions segment manages a variety of retirement products (including pension and annuity products) primarily for tax-qualified pension plans. The Companys customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, Governmental units, Government-sponsored plans, labor groups and expatriates.

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