Large Inflow of Money Detected in Mead Johnson Nutrition Company

Mead Johnson Nutrition Company (MJN) : Tuesdays money flow data in Mead Johnson Nutrition Company (MJN) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $28.95 million, whereas, $11.44 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 2.53, in favor of the bulls. The total money flow into the stock was $17.51 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $17.15 million. The total value of block trades done on upticks was $19.1 million. The value of bearish trades on downticks was only $1.94 million.The up/down ratio in the block trades was a healthy 9.83 in favor of the bulls, suggesting strong buying in the stock by large traders. Mead Johnson Nutrition Company (MJN) fell $0.07 and traded at $83.62, down -0.08% for the day, over previous days close. On a weekly basis, the shares are 0.44% over the previous weeks close.


Also, UBS initiates coverage on Mead Johnson Nutrition Company (NYSE:MJN) The current rating of the shares is Neutral. The rating by the firm was issued on August 24, 2016.

Mead Johnson Nutrition Company has lost 1.3% in the last five trading days and dropped 4.53% in the last 4 weeks. Mead Johnson Nutrition Company is up 1.42% in the last 3-month period. Year-to-Date the stock performance stands at 7.19%.

Mead Johnson Nutrition Company (NYSE:MJN): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $83.76 and $83.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $84.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $83.75, notching a gain of 0.07% for the day. The total traded volume was 1,238,175 . The stock had closed at $83.69 on the previous day.

In a related news, Casiano Kimberly A, director of Mead Johnson Nutrition Co, unloaded 710 shares at an average price of $89.75 on August 15, 2016. The total amount of the transaction was worth $63,723, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Mead Johnson Nutrition Company (Mead Johnson) is a global pediatric nutrition company. The Company manufactures, distributes and sells infant formulas, childrens nutrition and other nutritional products. Its product portfolio includes routine and specialty infant formulas, childrens milks and milk modifiers, dietary supplements for pregnant and breastfeeding mothers, pediatric vitamins, and products for pediatric metabolic disorders. The Company operates through three segments: Asia, Latin America and North America/Europe. The Companys Enfa family of brands, including Enfamil infant formula, is a brand franchise in pediatric nutrition. Its product portfolio addresses a range of nutritional needs for infants, children and expectant and nursing mothers. The Company markets its portfolio of more than 70 products to mothers, healthcare professionals and retailers in more than 50 countries in Asia, North America, Latin America and Europe.

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