Anthem (ANTM) has been under a strong bear grip, hence the stock is down -2.76% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.14% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.63% in the last 1 week, and is up 1.49% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 2.74% and the 50-Day Moving Average is 1.44%.
Anthem (NYSE:ANTM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $134.53 and $133.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $135.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $134.31, notching a gain of 0.30% for the day. The total traded volume was 1,207,131 . The stock had closed at $133.91 on the previous day.
The company Insiders own 0.37% of Anthem shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -21.37% . Institutional Investors own 89% of Anthem shares. During last six month period, the net percent change held by insiders has seen a change of -23.65%. In a related news, Swedish Joseph, director officer (Chair, President & CEO) of Anthem, Inc., unloaded 8,171 shares at an average price of $131.74 on July 11, 2016. The total amount of the transaction was worth $1,076,448, according to the disclosed information 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.