Shares of Aetna (AET) Sees Large Outflow of Money

Aetna (AET) : Money flow in the Aetna (AET) stock was negative (1.67 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $14.48 million, compared to $16.14 million on downticks. The total uptick to downtick ratio was 0.9, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $0.1 million, indicating persistent selling. Aetna (AET) traded $0.04 higher at $117.06 gaining 0.03% over the previous days close.


Also, Equity analysts at the Brokerage firm Wolfe Research downgrades its rating on Aetna (NYSE:AET). The rating major has initiated the coverage with peer perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on July 21, 2016.

Aetna Inc. has dropped 2.42% in the last five trading days, however, the shares have posted positive gains of 2.11% in the last 4 weeks. Aetna Inc. is up 1.59% in the last 3-month period. Year-to-Date the stock performance stands at 8.83%.

Aetna (NYSE:AET): The stock opened at $116.76 on Tuesday but the bulls could not build on the opening and the stock topped out at $117.44 for the day. The stock traded down to $116.59 during the day, due to lack of any buying support eventually closed down at $116.87 with a loss of -0.13% for the day. The stock had closed at $117.02 on the previous day. The total traded volume was 1,484,572 shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, Operations & Technology) of Aetna Inc /Pa/, Mccarthy Margaret M had sold 39,169 shares worth of $4,482,892 in a transaction dated May 10, 2016. In this transaction, 39,169 shares were sold at $114.45 per share.

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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