Shares of Cigna Corporation (CI) Sees Large Outflow of Money

Cigna Corporation (CI) : Net money flow in Cigna Corporation (CI) was negative ($5.54 million) and the inflow of money on uptick was $51.07 million, whereas, the outflow of money on downticks amounted to $56.61 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.9. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $16.96 million. On the other hand, the total value of block trades done on downticks was $20.12 million. The ratio of uptick to downtick block trades was 0.84. The money flow in block trades was negative ($3.17). Cigna Corporation (CI) gained $2.35 cent during the day and reached $132.65, a gain of 1.8% over the previous day.


Also, Stifel Nicolaus initiates coverage on Cigna Corporation (NYSE:CI) . Analysts at the Stifel Nicolaus have a current rating of Buy on the shares. The rating by the firm was issued on June 28, 2016.

Cigna Corporation (NYSE:CI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $131.02 and $130.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $133.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $133.11, notching a gain of 2.16% for the day. The total traded volume was 1,947,405 . The stock had closed at $130.30 on the previous day.

The stock has recorded a 20-day Moving Average of 3.59% and the 50-Day Moving Average is 3.38%. In a related news, The Securities and Exchange Commission has divulged that Cordani David, director officer (President & CEO) of Cigna Corp, had unloaded 71,006 shares at an average price of $139.16 in a transaction dated on March 4, 2016. The total value of the transaction was worth $9,881,195.

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.

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