Varian Medical Systems (VAR) : Tuesdays money flow analysis of Varian Medical Systems (VAR) 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 $11.37 million. In comparison, the inflow of money on upticks was a meager $6.45 million. The dollar value of composite uptick trades minus the downtick trades was negative $4.92 million. The uptick to downtick ratio of 0.57 in the money flow shows weakness. The downtick transaction value was high at $4.03 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($4.03 million). Varian Medical Systems (VAR) gained $0.04 at $96.35, a change of 0.04% over the previous days close.
Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Varian Medical Systems (NYSE:VAR). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $88 per share from a prior target of $84. The rating by the firm was issued on July 28, 2016.
Shares of Varian Medical Systems, Inc. rose by 1.39% in the last five trading days and 1.63% for the last 4 weeks. Varian Medical Systems, Inc. is up 16.61% in the last 3-month period. Year-to-Date the stock performance stands at 19.29%.
Varian Medical Systems (NYSE:VAR): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $96.08 and $95.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $96.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $96.39, notching a gain of 0.08% for the day. The total traded volume was 632,389 . The stock had closed at $96.31 on the previous day.
In a related news, The director officer (President and CEO), of Varian Medical Systems Inc, Wilson Dow R had unloaded 10,000 shares at $95.14 per share in a transaction on August 5, 2016. The total value of transaction was $951,400. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Varian Medical Systems Inc. is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy. The Company is a supplier of X-ray imaging components for medical, scientific, and industrial applications and supplies X-ray imaging products for cargo screening and industrial inspection. The Company offers tools for fighting cancer, taking X-ray images and protecting ports and borders. The Companys products include linear accelerators, brachytherapy afterloaders, treatment simulation and verification equipment, accessories, information management, treatment planning and image processing software. The Companys customers include university research and community hospitals, private and governmental institutions, healthcare agencies, doctors offices and cancer care clinics.