Shares of WebMD Health Corp (WBMD) Sees Large Outflow of Money

WebMD Health Corp (WBMD) : Wednesdays money flow analysis of WebMD Health Corp (WBMD) 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 $2.42 million. In comparison, the inflow of money on upticks was a meager $0.94 million. The dollar value of composite uptick trades minus the downtick trades was negative $1.48 million. The uptick to downtick ratio of 0.39 in the money flow shows weakness. The downtick transaction value was high at $1.76 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($1.76 million). WebMD Health Corp (WBMD) gained $0.52 at $60.66, a change of 0.86% over the previous days close.


Also, Equity analysts at the Brokerage firm William Blair downgrades its rating on WebMD Health Corp (NASDAQ:WBMD). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on June 3, 2016.

WebMD Health Corp (NASDAQ:WBMD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $60.15 and $59.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $61.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $60.75, notching a gain of 1.01% for the day. The total traded volume was 413,681 . The stock had closed at $60.14 on the previous day.

The stock has recorded a 20-day Moving Average of 2.06% and the 50-Day Moving Average is 2.34%. In a related news, Trotman Stanley S Jr, director of Webmd Health Corp., unloaded 7,925 shares at an average price of $42.79 on August 17, 2015. The total amount of the transaction was worth $339,111, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

WebMD Health Corp. is a provider of health information services. The Company provides its services to consumers, physicians and other healthcare professionals, employers and health plans through its public and private online portals, mobile platforms and health-focused publications. The WebMD Health Network includes:, its primary public portal for consumers and related mobile-optimized sites and mobile apps;, its primary public portal for physicians and other healthcare professionals and related mobile services; and other sites through which, it provides its branded health and wellness content, tools and services. It also offers WebMD Health Services to employers and health plans for use by their employees and members. The Company also offers Information Services under, which it sells certain information products and services on a standalone basis.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.