Large Inflow of Money Detected in Wright Medical Group

Wright Medical Group (WMGI) stock had a bullish inflow of $22.66 million worth of trades on uptick and an outflow of $5.23 million in downticks on Monday. The total uptick to downtick ratio stood at 4.33. The net money flow into the stock was $17.43 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $17.74 million. An inflow of $1.3 million block trade was recorded on downticks. $19.03 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 14.7 in favor of the bulls. However, Wright Medical Group (WMGI) stock traded down $0.11 , and reached $24.03, a drop of -0.46% over the previous day. On a weekly basis, the stock is 0%, over the previous weeks close.


Shares of Wright Medical Group N.V. rose by 2.34% in the last five trading days and 16.71% for the last 4 weeks. Wright Medical Group N.V. is up 36.15% in the last 3-month period. Year-to-Date the stock performance stands at 1.41%.

Wright Medical Group (NASDAQ:WMGI): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.17 and $24.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.52, notching a gain of 2.04% for the day. The total traded volume was 1,057,159 . The stock had closed at $24.03 on the previous day.

In a related news,The officer (President, Lower Extremities) of Wright Medical Group N.V., Fisher Patrick sold 1,000 shares at $25 on August 3, 2016. The Insider selling transaction had a total value worth of $25,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Wright Medical Group, Inc. is a global specialty orthopaedic company. The Company through Wright Medical Technology, Inc. (WMT) and other subsidiaries provides extremity and biologic solutions that enable clinicians to alleviate pain and restore the patients lifestyles. The Company operates through three segments: U.S., International and BioMimetic. The Companys business includes products that are used in foot and ankle repair, upper extremity products and biologics products, which are used to replace damaged or diseased bone, to stimulate bone growth and to provide other biological solutions for surgeons and patients. The Companys products include extremity hardware, foot and ankle hardware, upper extremity hardware and biologics.

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