PerkinElmer (PKI) : Traders are getting increasingly bearish on PerkinElmer (PKI), as can be seen in the addition of short positions from 2,660,390 on Jul 29, 2016, to 2,700,311 on August 15, 2016. The net change in shorts is 39,921 shares, an increase of 1.5%. 6 days remain before the expiry. The 2.5% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 465,525. The short interest information was released on Wednesday Aug 24th after the market close.
PerkinElmer (NYSE:PKI): The stock opened at $55.81 on Wednesday but the bulls could not build on the opening and the stock topped out at $55.86 for the day. The stock traded down to $54.03 during the day, due to lack of any buying support eventually closed down at $54.09 with a loss of -3.31% for the day. The stock had closed at $55.94 on the previous day. The total traded volume was 590,014 shares.
In a related news, The Securities and Exchange Commission has divulged that Sullivan Patrick J, director of Perkinelmer Inc, had unloaded 8,308 shares at an average price of $54.74 in a transaction dated on August 17, 2016. The total value of the transaction was worth $454,780.
PerkinElmer, Inc. is a provider of products, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets. The Company operates its business in two segments: Human Health and Environmental Health. The Companys Human Health segment concentrates on developing diagnostics, tools and applications to help detect diseases earlier and more accurately, and to accelerate the discovery and development of new therapies. The Companys Environmental Health segment provides products, services and solutions to facilitate the creation of safer food and consumer products, more secure surroundings and efficient energy resources. The Company markets its products and services in more than 150 countries.