Shares of Cerner Corporation (CERN) Sees Large Inflow of Net Money Flow

Cerner Corporation (CERN) : Cerner Corporation (CERN) had a healthy money flow of $2.11 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $13.41 million, whereas, investors only sold shares worth $11.3 million on downticks. The stock closed the day with an up-down ratio of 1.19.The money flow in the block trades to the tune of $1.6 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $1.6 million worth of transactions were on upticks. Cerner Corporation (CERN) stock slid $0.04 intraday and traded at 61.95, a change of -0.06% over previous days close. However, for the week, the company shares are 2.26% compared to previous weeks close.


Cerner Corporation (CERN) : Average target price received by Cerner Corporation (CERN) is $67 with an expected standard deviation of $5.99. The most aggressive target on the stock is $77, whereas the most downbeat target is $55. 15 financial analysts are currently covering the stock.

Cerner Corporation (NASDAQ:CERN): On Fridays trading session , Opening price of the stock was $62.13 with an intraday high of $62.16. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $61.25. However, the stock managed to close at $61.95, a loss of 0.06% for the day. On the previous day, the stock had closed at $61.99. The total traded volume of the day was 1,463,739 shares.

In a related news, Zollars William D, director of Cerner Corp /Mo/, unloaded 9,000 shares at an average price of $55.72 on June 1, 2016. The total amount of the transaction was worth $501,480, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Cerner Corporation (Cerner) is a supplier of health care information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. The Company offers software, hardware, professional services and managed services. The Company operates in two segments: Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba, Australia, Austria, Brazil, Canada, Cayman Islands, Chile, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Israel, Malaysia, Mexico, Netherlands, Qatar, Saudi Arabia, Singapore, Spain, Switzerland and the United Arab Emirates. Cerner solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Its solutions include HealtheRegistries, Cerner ITWorks, Cerner RevWorks, PowerWorks and CommunityWorks, among others.

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