Shares of Mallinckrodt plc (MNK) Sees Large Inflow of Net Money Flow

Mallinckrodt plc (MNK) : Tuesdays money flow data in Mallinckrodt plc (MNK) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $27.9 million, whereas, $23.77 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.17, in favor of the bulls. The total money flow into the stock was $4.13 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $3.28 million. The total value of block trades done on upticks was $4 million. The value of bearish trades on downticks was only $0.72 million.The up/down ratio in the block trades was a healthy 5.55 in favor of the bulls, suggesting strong buying in the stock by large traders. Mallinckrodt plc (MNK) fell $0.62 and traded at $61.9, down -0.99% for the day, over previous days close. On a weekly basis, the shares are -0.63% over the previous weeks close.


The company Insiders own 0.53% of Mallinckrodt plc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 1.5% . Institutional Investors own 97.75% of Mallinckrodt plc shares. During last six month period, the net percent change held by insiders has seen a change of 3.83%. In an insider trading activity, Harbaugh Matthew K, CFO of Mallinckrodt Plc, executed a transaction worth $29,685 on May 10, 2016. A total of 500 shares were purchased at an average price of $59.37. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Shares of Mallinckrodt Public Limited Company rose by 2.79% in the last five trading days and 3.56% for the last 4 weeks. Mallinckrodt Public Limited Company is up 5.99% in the last 3-month period. Year-to-Date the stock performance stands at -17.06%.

Mallinckrodt plc (NYSE:MNK): On Tuesdays trading session , Opening price of the stock was $62.46 with an intraday high of $62.56. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $61.53. However, the stock managed to close at $61.9, a loss of 0.99% for the day. On the previous day, the stock had closed at $62.52. The total traded volume of the day was 1,962,645 shares.

Mallinckrodt public limited company (Mallinckrodt) is a global specialty pharmaceuticals company. The Company develops, manufactures, markets and distributes both branded and generic specialty pharmaceuticals, active pharmaceutical ingredients (API) and diagnostic imaging agents. The Company uses its API products in the manufacture of its generic pharmaceuticals and also sells them to other pharmaceutical companies. The Company operates through two segments: Specialty Pharmaceuticals and Global Medical Imaging. The Companys Specialty Pharmaceuticals segment develops, manufactures and sells, through its Brands business, drugs, including EXALGO (hydromorphone HCl) Extended-Release Tablets and GABLOFEN. The Companys Global Medical Imaging segment develops, manufactures and markets contrast media and delivery systems (CMDS). The Company offers INOMAX Total Care (inhaled nitric oxide), a neonatal critical care product.

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