Shares of Voya Financial (VOYA) Sees Large Outflow of Money

Voya Financial (VOYA): The stock had negative money flow to the tune of ($0.76 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $2.05 million, whereas, the outflow of money on downticks was $2.81 million and the ratio between the two was 0.73. The block trade had a negative net money flow of ($0.92 million). On the other hand, downticks amounted to $0.92 million of the traded value, which shows distribution in the stock by traders. Voya Financial (VOYA) closed with marginal gains of 31 cents to end the day at $29.05, an increase of 1.08% over the previous days close. The stock recorded 2.36% for the week.


Also, Major Brokerage house, Goldman Sachs downgrades its ratings on Voya Financial (NYSE:VOYA). In the latest research report, Goldman Sachs lowers the target price from $39 per share to $29 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 15, 2016.

Shares of Voya Financial, Inc. rose by 3.06% in the last five trading days and 14.66% for the last 4 weeks. Voya Financial, Inc. has dropped 9.95% during the last 3-month period . Year-to-Date the stock performance stands at -20.48%.

Voya Financial (NYSE:VOYA): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.73 and $28.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.32, notching a gain of 2.02% for the day. The total traded volume was 1,389,132 . The stock had closed at $28.74 on the previous day.

In a related news, Becker Jeffrey T, officer (See Remarks) of Voya Financial, Inc., unloaded 3,625 shares at an average price of $30.11 on March 29, 2016. The total amount of the transaction was worth $109,149, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Voya Financial, Inc. is a retirement, investment and insurance company. The Company provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products, guaranteed investment contracts and funding agreements. The Company provides its principal products and services in three ongoing businesses: Retirement Solutions, Investment Management and Insurance Solutions. Retirement Solutions operates institutional retirement plans business and retail wealth management business. Investment Management segment offers fixed income, equity, multi-asset and alternatives products and solutions. Insurance Solutions segment offers insurance and employee benefit plans.

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