Shares of Validus Holdings Ltd. (VR) Sees Large Outflow of Money

Validus Holdings Ltd. (VR) : The total negative money flow of $1.79 million on Tuesday indicates selling on strength. The inflow of money on upticks was $1.89 million, compared to $3.68 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.51. The negative money flow of $1.89 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $1.89 million. The price action in the Validus Holdings Ltd. (VR) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $50.9 with a gain of $0.24 , a change of 0.47% over the previous days close. The stock registered 1.05% for the week.


Also, JP Morgan initiates coverage on Validus Holdings Ltd. (NYSE:VR) The brokerage firm has issued a Overweight rating on the shares. The rating by the firm was issued on June 28, 2016.

Shares of Validus Holdings, Ltd. rose by 2.72% in the last five trading days and 2.83% for the last 4 weeks. Validus Holdings, Ltd. is up 5.35% in the last 3-month period. Year-to-Date the stock performance stands at 11.67%.

Validus Holdings Ltd. (NYSE:VR): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $50.74 and $50.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $50.92, notching a gain of 0.51% for the day. The total traded volume was 414,848 . The stock had closed at $50.66 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Group Chief Accounting Officer) of Validus Holdings Ltd, Boisvert Patrick had sold 1,500 shares worth of $72,000 in a transaction dated June 6, 2016. In this transaction, 1,500 shares were sold at $48 per share.

Validus Holdings, Ltd. is a holding company. The Company, through its subsidiaries, is engaged in the global insurance and reinsurance. The Company operates in four segments: Validus Re, AlphaCat, Talbot and Western World. Validus Re is a Bermuda-based reinsurance segment focused on short tail lines of reinsurance. AlphaCat is a Bermuda-based investment adviser, managing capital from third parties and the Company in insurance linked securities and other investments in the property catastrophe reinsurance space. Talbot is a specialty insurance segment, primarily operating within the Lloyds insurance market through Syndicate 1183. Western World is a specialty excess and surplus lines insurance segment operating within the United States commercial market.

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