Shares of ProAssurance Corporation (PRA) Sees Large Outflow of Money

ProAssurance Corporation (PRA) : The total money flow in ProAssurance Corporation (PRA) was negative ($0.93 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $1.23 million. In comparison, the inflow of money into the stock on upticks was $0.3 million. The uptick to downtick ratio was 0.24. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $0.87 million. The negative money flow of ($0.87 million) confirms the selling in ProAssurance Corporation (PRA) on strength. ProAssurance Corporation (PRA) gained $0.46 at $51.96, a gain of 0.89% over the previous days close. However, the stock registered 0.41% in the week.


ProAssurance Corporation (NYSE:PRA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.62 and $51.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.75, notching a gain of 0.49% for the day. The total traded volume was 224,938 . The stock had closed at $51.50 on the previous day.

The stock has recorded a 20-day Moving Average of 0.04% and the 50-Day Moving Average is 1.41%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Proassurance Corp, Haydar Ziad, had purchased 3,065 shares in a transaction dated on September 8, 2015. The transaction was executed at $48.75 per share with total amount equaling $149,419.

ProAssurance Corporation (ProAssurance) is a holding company for property and casualty insurance companies. The Company provides professional liability insurance for healthcare professionals and facilities, professional liability insurance for attorneys, liability insurance for medical technology and life sciences risks, and workers compensation insurance. The Company operates in four segments: Specialty property and casualty, which includes the Companys professional liability business, and medical technology and life sciences business; Workers compensation, which includes its workers compensation business provide for employers, groups and associations; Lloyds syndicate, which includes operating results from its participation in Lloyds Syndicate 1729, and Corporate, includes the Companys investing operations managed at the corporate level, non-premium revenues generated outside of insurance entities, and corporate expenses, including interest and United States income taxes.

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