Aetna (AET) Shares are Up 0.42%

Aetna (AET) has been under a strong bear grip, hence the stock is down -0.7% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.45% in the past 1 week. The stock has risen by 0.42% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.32% in the past 4 weeks.

Aetna Inc. is up 8.77% in the last 3-month period. Year-to-Date the stock performance stands at 11.82%. The stock has recorded a 20-day Moving Average of 1.71% and the 50-Day Moving Average is 1.28%.


Aetna (NYSE:AET): The stock opened at $120.44 on Friday but the bulls could not build on the opening and the stock topped out at $120.93 for the day. The stock traded down to $119.68 during the day, due to lack of any buying support eventually closed down at $120.08 with a loss of -0.79% for the day. The stock had closed at $121.04 on the previous day. The total traded volume was 1,690,389 shares.

Also, In the latest statement by the brokerage house, Wolfe Research downgrades its outlook on Aetna (NYSE:AET). The current rating of the shares is Peer Perform, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on July 21, 2016.

Aetna Inc. is a diversified health care benefits company. The Company offers a range of traditional, voluntary and consumer-directed health insurance products and related services. The Companys operations are conducted in three business segments: Health Care, Group Insurance and Large Case Pensions. The Companys Health Care segment includes medical, pharmacy benefit management services, dental, behavioral health and vision plans. The Companys Group Insurance segments products consist primarily of Life Insurance Products, Disability Insurance Products and Long-Term Care Insurance Products. The Companys Large Case Pensions segment manages a variety of retirement products (including pension and annuity products) primarily for tax-qualified pension plans. The Companys customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, Governmental units, Government-sponsored plans, labor groups and expatriates.

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