Large Outflow of Money Witnessed in Cross Country Healthcare, Inc.

Cross Country Healthcare, Inc. (CCRN) traded higher in the last at $14.92, gaining 0.45 points or 3.11%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-1.09) million. The composite uptick value of $0.25 million was eclipsed by the accrued downtick value of $1.34 million, thereby ensuring the up/down ratio of 0.19. For the week, the shares have posted returns of 5.07%.A block trade registered during the day has revealed $0 million in upticks and $1.21 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-1.21) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Cross Country Healthcare, Inc. appreciated by 2.5% during the last five trading days but lost 5.32% on a 4-week basis. Cross Country Healthcare, Inc. is up 32.32% in the last 3-month period. Year-to-Date the stock performance stands at -5.32%. Cross Country Healthcare, Inc. (NASDAQ:CCRN) rose 2.14% or 0.31 points on Wednesday and made its way into the gainers of the day. After trading began at $14.56 the stock was seen hitting $15.16 as a peak level and $14.56 as the lowest level. The stock ended up at $14.78. The daily volume was measured at 312,539 shares. The 52-week high of the share price is $16 and the 52-week low is $9.72. The company has a market cap of $488 million.

Company has reported several Insider transactions to the SEC, on Nov 21, 2016, Vickie Anenberg (Pres., Cross Country Staffing) sold 40,882 shares at 14.91 per share price.On Aug 17, 2016, Thomas C Dircks (director) purchased 10,000 shares at 10.75 per share price.On Aug 12, 2016, W Larry Cash (director) purchased 3,000 shares at 12.22 per share price.

Cross Country Healthcare Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.09. Analyst had a consensus of $0.15. The company had revenue of $214.99 million for the quarter, compared to analysts expectations of $203.14 million. The companys revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Cross Country Healthcare was Downgraded by Avondale to Mkt Perform on Jan 24, 2017. Cross Country Healthcare was Initiated by The Benchmark Company on Jan 20, 2017 to Buy, Price Target of the shares are set at $19.

Cross Country, Inc. is a provider of healthcare staffing services. They also provide staffing of clinical research professionals and allied healthcare professionals, such as radiology technicians, rehabilitation therapists and respiratory therapists. Their staffing operations are complemented by other human capital management services, including search and recruitment, consulting, education and training and resource management services.


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