Large Outflow of Money Witnessed in Aetna Inc.

Aetna Inc. (AET) managed to stay afloat and traded higher with an addition of 3.12 point or 2.63% at $121.73. The money flow data is a negative $(-10.93) million with $136.35 million in upticks and $147.29 million in downticks. The intraday up/down ratio came in at 0.93. The shares has seen 3.64% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $4.18 million and the combined worth of the downticks was $18.12, Million, leading to the up/down ratio of 0.23. The block trade saw a net money flow of $(-13.93) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Aetna Inc. appreciated by 2.07% during the last five trading days but lost 1.74% on a 4-week basis. Aetna Inc. is up 13.51% in the last 3-month period. Year-to-Date the stock performance stands at -1.74%. Aetna Inc. (NYSE:AET) rose 2.53% or 3 points on Wednesday and made its way into the gainers of the day. After trading began at $118.3 the stock was seen hitting $122 as a peak level and $118.04 as the lowest level. The stock ended up at $121.61. The daily volume was measured at 6,713,505 shares. The 52-week high of the share price is $136.5 and the 52-week low is $92.42. The company has a market cap of $42,673 million.

Company has reported several Insider transactions to the SEC, on Dec 2, 2016, Molly Joel Coye (director) sold 1,145 shares at 131.17 per share price.On Nov 15, 2016, Karen S Lynch (President) sold 45,000 shares at 119.55 per share price.On Nov 9, 2016, Francis S Jr Soistman (Exec. VP, Government Services) sold 9,150 shares at 109.78 per share price.

Aetna Inc Last issued its quarterly earnings results on Jan 31, 2017. The company reported $1.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.19. Analyst had a consensus of $1.44. The company had revenue of $15717.00 million for the quarter, compared to analysts expectations of $15832.28 million. The companys revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Aetna Inc was Downgraded by Leerink Partners to Mkt Perform on Jan 24, 2017. Aetna Inc was Initiated by Piper Jaffray to Neutral on Jan 4, 2017. Aetna Inc was Downgraded by Bernstein to Mkt Perform on Nov 14, 2016. Aetna Inc was Upgraded by Credit Suisse to Outperform on Nov 11, 2016.

Aetna Inc. is one of the nations largest health benefits companies and one of the nations largest insurance and financial services organizations. Aetna provides these benefits to employer and plan sponsor customers in all 50 states, ranging from large multisite national accounts to middle-market and small-employer groups. Its products include the full range of health insurance, including dental and pharmacy benefits, from HMO and POS to PPO and indemnity, as well as group insurance products such as life, disability and long-term care insurance.


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