Large Inflow of Money Detected in Varian Medical Systems

Varian Medical Systems (VAR) : $13.78 million worth of transactions were on upticks in Varian Medical Systems (VAR), compared to $7.79 million on downticks. The ratio between the two was 1.77, whereas, the net money flow stood at a healthy $6 million on Mondays session. The consistent buying on upticks in the stock accounted for $5.12million worth of trades. The total money flow into the stock stood at $5.12 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.09%. The stock was trading at $94.83, with a drop of $0.09 over the previous days close. The stock recorded -0.44% for the week.


Varian Medical Systems, Inc. has dropped 0.19% in the last five trading days, however, the shares have posted positive gains of 9.74% in the last 4 weeks. Varian Medical Systems, Inc. is up 12.96% in the last 3-month period. Year-to-Date the stock performance stands at 17.36%.

Varian Medical Systems (NYSE:VAR): The stock opened at $95.24 on Monday but the bulls could not build on the opening and the stock topped out at $95.26 for the day. The stock traded down to $94.53 during the day, due to lack of any buying support eventually closed down at $94.83 with a loss of -0.09% for the day. The stock had closed at $94.92 on the previous day. The total traded volume was 505,418 shares.

In a related news,The director officer (President and CEO) of Varian Medical Systems Inc, Wilson Dow R sold 10,000 shares at $95.14 on August 5, 2016. The Insider selling transaction had a total value worth of $951,400. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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