Cantel Medical (CMN) : Tuesdays money flow analysis of Cantel Medical (CMN) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $4.36 million. In comparison, the inflow of money on upticks was a meager $3.2 million. The dollar value of composite uptick trades minus the downtick trades was negative $1.16 million. The uptick to downtick ratio of 0.73 in the money flow shows weakness. The downtick transaction value was high at $0.1 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($0 million). Cantel Medical (CMN) gained $0.46 at $74.98, a change of 0.61% over the previous days close.
Also, Needham initiates coverage on Cantel Medical (NYSE:CMN) The brokerage firm has issued a Hold rating on the shares. The rating by the firm was issued on August 24, 2016.
Shares of Cantel Medical Corp. rose by 2.89% in the last five trading days and 10.38% for the last 4 weeks. Cantel Medical Corp. is up 11.47% in the last 3-month period. Year-to-Date the stock performance stands at 21.57%.
Cantel Medical (NYSE:CMN): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $74.55 and $74.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.40, notching a gain of 1.18% for the day. The total traded volume was 192,025 . The stock had closed at $74.52 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Hansen Jorgen B, officer (President and COO) of Cantel Medical Corp, had unloaded 2,000 shares at an average price of $72.44 in a transaction dated on June 15, 2016. The total value of the transaction was worth $144,880.
Cantel Medical Corp. is a provider of infection prevention and control products and services in the healthcare market. The Companys segments include Endoscopy, Water Purification and Filtration, Healthcare Disposables, Dialysis and Specialty Packaging. Its Endoscopy segment includes medical device reprocessing systems, disinfectants, detergents and other supplies. The Companys Water Purification and Filtration segment includes water purification equipment and services, filtration and separation products and disinfectants, sterilization and decontamination products and services. Its Healthcare Disposables segment includes single-use, infection prevention and control healthcare products. The Companys Dialysis segment includes medical device reprocessing systems, sterilants/disinfectants and dialysate concentrates. Its Specialty Packaging segment includes specialty packaging and thermal control products, as well as related compliance training.