Large Inflow of Money Detected in Quintiles Transitional Holdings

Quintiles Transitional Holdings (Q) : The money flow analysis of Quintiles Transitional Holdings (Q) indicates a $13.08 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $17.68 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.35 and so was the total money flow at $4.6 million. A solid up-down ratio of 6.72 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $6.57 million worth of block trades on upticks. Only $0.98 million worth of the stock exchanged hands on downticks. The money flow was $5.59 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Quintiles Transitional Holdings (Q), pushing it down by -0.36% for the day. The stock slid $0.28 and traded at $77.14 during the day. Nonetheless, the stock is 1.92% over the previous weeks close.


Also, Citigroup maintains its rating on Quintiles Transitional Holdings (NYSE:Q). The global brokerage major raises the current price target from $72 per share to $75 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on July 28, 2016.

Shares of Quintiles Transnational Holdings Inc. appreciated by 1.49% during the last five trading days but lost 1.87% on a 4-week basis. Quintiles Transnational Holdings Inc. is up 13.68% in the last 3-month period. Year-to-Date the stock performance stands at 12.35%.

Quintiles Transitional Holdings (NYSE:Q): The stock opened at $77.24 on Tuesday but the bulls could not build on the opening and the stock topped out at $77.72 for the day. The stock traded down to $76.89 during the day, due to lack of any buying support eventually closed down at $77.14 with a loss of -0.36% for the day. The stock had closed at $77.42 on the previous day. The total traded volume was 878,707 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP and COO) of Quintiles Transnational Holdings Inc., Gordon Kevin K had sold 24,000 shares worth of $1,593,840 in a transaction dated June 9, 2016. In this transaction, 24,000 shares were sold at $66.41 per share.

Quintiles Transnational Holdings Inc. is a biopharmaceutical services company. The Company is a provider of biopharmaceutical development services and commercial outsourcing services. The Company is engaged in the development and commercialization of pharmaceutical therapies. It also offers therapeutic, scientific and analytical services to its biopharmaceutical and other healthcare customers. The Company offers its services through two segments: Product Development and Integrated Healthcare Services. Its product development segment is a contract research organization (CRO) and is focused on Phase II-IV clinical trials and associated laboratory and analytical activities. Its Integrated Healthcare Services segment provides services, including commercial services, such as contract pharmaceutical sales forces, and healthcare business services, such as phase research, market access and consulting, and health information analytics and technology consulting.

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