Varian Medical Systems (VAR) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $7.31 million worth of transactions were on upticks, whereas, the downticks accounted for $4.64 million worth of transactions. The net money flow was a positive $2.68 million and the uptick to downtick ratio was 1.58. The net money flow into the stock was $1.81 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1.81 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Varian Medical Systems (VAR) was trading at $86.58, down $0.15 during day. The stock slid -0.17% over the previous days close. For the week, the stock recorded 0.2% over the previous weeks close.
Varian Medical Systems (VAR) : The most positive equity analysts on Varian Medical Systems (VAR) expects the shares to touch $95, whereas, the least positive believes that the stock will trade at $80 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $87.8 with an expected fluctuation of $6.22 from the mean.
Varian Medical Systems (NYSE:VAR): stock turned positive on Friday. Though the stock opened at $86.85, the bulls momentum made the stock top out at $87.23 level for the day. The stock recorded a low of $86.04 and closed the trading day at $87.04, in the green by 0.36%. The total traded volume for the day was 650,997. The stock had closed at $86.73 in the previous days trading.
In a related news, The Securities and Exchange Commission has divulged that Wilson Dow R, director officer (President and CEO) of Varian Medical Systems Inc, had unloaded 10,000 shares at an average price of $82.25 in a transaction dated on July 5, 2016. The total value of the transaction was worth $822,500.
Varian Medical Systems Inc. is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy. The Company is a supplier of X-ray imaging components for medical, scientific, and industrial applications and supplies X-ray imaging products for cargo screening and industrial inspection. The Company offers tools for fighting cancer, taking X-ray images and protecting ports and borders. The Companys products include linear accelerators, brachytherapy afterloaders, treatment simulation and verification equipment, accessories, information management, treatment planning and image processing software. The Companys customers include university research and community hospitals, private and governmental institutions, healthcare agencies, doctors offices and cancer care clinics.