Shares of Cigna Corporation (CI) Sees Large Outflow of Money

Cigna Corporation (CI) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($1.18 million) and the uptick to downtick ratio was 0.16. The transaction value on upticks was $0.23 million and on downticks, the transaction value was $1.41 million. The transaction value of block trades during downticks was $0.1 million. The money flow was negative ($0 million), indicating the traders were booking profit on the price strength. Cigna Corporation (CI) rose $0.52 at $129.01, during intraday Tuesday , a rise of 0.4% over the previous days close.


Also, Major Brokerage house, Citigroup maintains its ratings on Cigna Corporation (NYSE:CI). In the latest research report, Citigroup raises the target price from $174 per share to $146 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 3, 2016.

Cigna Corp. has dropped 3.59% in the last five trading days, however, the shares have posted positive gains of 1.13% in the last 4 weeks. Cigna Corp. is up 0.39% in the last 3-month period. Year-to-Date the stock performance stands at -12.35%.

Cigna Corporation (NYSE:CI): The stock opened at $128.18 on Tuesday but the bulls could not build on the opening and the stock topped out at $129.04 for the day. The stock traded down to $127.92 during the day, due to lack of any buying support eventually closed down at $128.22 with a loss of -0.21% for the day. The stock had closed at $128.49 on the previous day. The total traded volume was 744,548 shares.

In a related news, The Securities and Exchange Commission has divulged that Hoeltzel Mary T, officer (VP & Chief Accounting Officer) of Cigna Corp, had unloaded 500 shares at an average price of $132.27 in a transaction dated on August 17, 2016. The total value of the transaction was worth $66,135.

Cigna Corporation (Cigna), together with its subsidiaries, is a health services company. The Company offers medical, dental, disability, life and accident insurance and related products and services. The Company operates in three segments: Global Health Care, Global Supplemental Benefits and Group Disability and Life. The Global Health Care segment aggregates the commercial and Government operating segments. The Global Supplemental Benefits segment offers supplemental health, life and accident insurance products. The Group Disability and Life segment provides group long-term and short-term disability insurance, group life insurance, accident and specialty insurance and related services. Cigna offers commercial health and dental insurance, Medicare and Medicaid products and health, life and accident insurance coverages to individuals. It offers personal accident insurance coverage, consisting of accidental death and dismemberment and travel accident insurance.

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