Shares of Cigna Corporation (CI) Sees Large Inflow of Net Money Flow

Cigna Corporation (CI) stock had a bullish inflow of $18.75 million worth of trades on uptick and an outflow of $11.9 million in downticks on Friday. The total uptick to downtick ratio stood at 1.58. The net money flow into the stock was $6.85 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $7.45 million. An inflow of $1.41 million block trade was recorded on downticks. $8.86 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 6.28 in favor of the bulls. However, Cigna Corporation (CI) stock traded down $0.19 , and reached $140.13, a drop of -0.13% over the previous day. On a weekly basis, the stock is 6.43%, over the previous weeks close.


Cigna Corporation (CI) : The consensus price target for Cigna Corporation (CI) is $157.2 for the short term with a standard deviation of $21.26. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $174, however, the pessimist price target for the company is $99.

Cigna Corporation (NYSE:CI): stock turned positive on Friday. Though the stock opened at $141.65, the bulls momentum made the stock top out at $146.74 level for the day. The stock recorded a low of $139.735 and closed the trading day at $146, in the green by 4.05%. The total traded volume for the day was 3,964,647. The stock had closed at $140.32 in the previous days trading.

In a related news, Cordani David, director officer (President & CEO) of Cigna Corp, unloaded 71,006 shares at an average price of $139.16 on March 4, 2016. The total amount of the transaction was worth $9,881,195, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Cigna Corporation (Cigna), together with its subsidiaries, is a health services company. The Company offers medical, dental, disability, life and accident insurance and related products and services. The Company operates in three segments: Global Health Care, Global Supplemental Benefits and Group Disability and Life. The Global Health Care segment aggregates the commercial and Government operating segments. The Global Supplemental Benefits segment offers supplemental health, life and accident insurance products. The Group Disability and Life segment provides group long-term and short-term disability insurance, group life insurance, accident and specialty insurance and related services. Cigna offers commercial health and dental insurance, Medicare and Medicaid products and health, life and accident insurance coverages to individuals. It offers personal accident insurance coverage, consisting of accidental death and dismemberment and travel accident insurance.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.