Cerner Corporation (CERN) : Tuesdays money flow analysis of Cerner Corporation (CERN) 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 $1.13 million. In comparison, the inflow of money on upticks was a meager $0.29 million. The dollar value of composite uptick trades minus the downtick trades was negative $0.84 million. The uptick to downtick ratio of 0.26 in the money flow shows weakness. The downtick transaction value was high at $0.83 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($0.83 million). Cerner Corporation (CERN) gained $0.12 at $65.12, a change of 0.18% over the previous days close.
Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Cerner Corporation (NASDAQ:CERN). Deutsche Bank has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $66 per share from a prior target of $67. The rating by the firm was issued on August 3, 2016.
Shares of Cerner Corporation rose by 0.23% in the last five trading days and 4.07% for the last 4 weeks. Cerner Corporation is up 16.41% in the last 3-month period. Year-to-Date the stock performance stands at 7.61%.
Cerner Corporation (NASDAQ:CERN): The stock opened at $64.97 on Tuesday but the bulls could not build on the opening and the stock topped out at $65.17 for the day. The stock traded down to $64.47 during the day, due to lack of any buying support eventually closed down at $64.75 with a loss of -0.38% for the day. The stock had closed at $65.00 on the previous day. The total traded volume was 1,311,721 shares.
In a related news, The Securities and Exchange Commission has divulged that Illig Clifford W, director officer (Vice Chairman) of Cerner Corp /Mo/, had unloaded 325,705 shares at an average price of $65.1 in a transaction dated on August 18, 2016. The total value of the transaction was worth $21,203,396.
Cerner Corporation (Cerner) is a supplier of health care information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. The Company offers software, hardware, professional services and managed services. The Company operates in two segments: Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba, Australia, Austria, Brazil, Canada, Cayman Islands, Chile, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Israel, Malaysia, Mexico, Netherlands, Qatar, Saudi Arabia, Singapore, Spain, Switzerland and the United Arab Emirates. Cerner solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Its solutions include HealtheRegistries, Cerner ITWorks, Cerner RevWorks, PowerWorks and CommunityWorks, among others.