Premier (PINC) : Wednesdays money flow analysis of Premier (PINC) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $7.66 million. In comparison, the inflow of money on upticks was a meager $1.8 million. The dollar value of composite uptick trades minus the downtick trades was negative $5.86 million. The uptick to downtick ratio of 0.24 in the money flow shows weakness. The uptick block trades were valued at $0.57 million. The downtick transaction value was high at $6.32 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.09. Hence, the net money flow in the stock was negative ($5.75 million). Premier (PINC) gained $0.23 at $33.2, a change of 0.68% over the previous days close.
Also, Barclays initiates coverage on Premier (NASDAQ:PINC) The current rating of the shares is Overweight. Equity Analysts at the Firm announces the price target to $41 per share. The rating by the firm was issued on June 1, 2016.
Premier (NASDAQ:PINC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.97 and $32.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.20, notching a gain of 0.70% for the day. The total traded volume was 619,488 . The stock had closed at $32.97 on the previous day.
The stock has recorded a 20-day Moving Average of 0.93% and the 50-Day Moving Average is 2.03%. In a related news,The officer (President of Supply Chain Svcs) of Premier, Inc., Gilbert Durral R. sold 20,000 shares at $34 on July 12, 2016. The Insider selling transaction had a total value worth of $680,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Premier, Inc. is a healthcare improvement company. The Company is uniting an alliance of approximately 3,600 United States hospitals and approximately 120,000 other providers to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services. The Company plays a role in the healthcare industry, collaborating with members to co-develop long-term innovations that reinvent and improve the way care is delivered to patients nationwide.