Anthem (ANTM) : Money flow in the Anthem (ANTM) stock was negative (12.78 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 $31.5 million, compared to $44.28 million on downticks. The total uptick to downtick ratio was 0.71, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($9.71 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $9.71 million, indicating persistent selling. Anthem (ANTM) traded $1.24 higher at $125.42 gaining 1% over the previous days close.
Also, Major Brokerage house, Barclays maintains its ratings on Anthem (NYSE:ANTM). In the latest research report, Barclays lowers the target price from $158 per share to $151 per share. According to the latest information available, the shares are now rated Equalweight by the analysts at the agency. The rating by the firm was issued on July 28, 2016.
Anthem, Inc. has lost 2.87% in the last five trading days and dropped 1.72% in the last 4 weeks. Anthem, Inc. has dropped 4.89% during the last 3-month period . Year-to-Date the stock performance stands at -9.17%.
Anthem (NYSE:ANTM): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $124.11 and $124.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $125.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $125.42, notching a gain of 1.00% for the day. The total traded volume was 1,457,507 . The stock had closed at $124.18 on the previous day.
In a related news,The director officer (Chair, President & CEO) of Anthem, Inc., Swedish Joseph sold 8,171 shares at $130.71 on August 12, 2016. The Insider selling transaction had a total value worth of $1,068,031. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Anthem, Inc. is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations (PPOs), health maintenance organizations (HMOs), point-of-service (POS), plans, traditional indemnity plans and other hybrid plans, including consumer-driven health plans (CDHPs), and hospital only and limited benefit products. In addition, the Company also provides an array of managed care services to self-funded customers, including claims processing, underwriting, stop loss insurance, actuarial services, provider network access, medical cost management, disease management, wellness programs and other administrative services. The Company provides an array of specialty and other insurance products and services, such as dental, vision, life and disability insurance benefits, radiology benefit management and analytics-driven personal health care.