Large Outflow of Money Witnessed in Teleflex Incorporated

Teleflex Incorporated (TFX) traded higher in the last at $167.77, gaining 0.04 points or 0.02%. 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 $(-5.27) million. The composite uptick value of $9.99 million was eclipsed by the accrued downtick value of $15.26 million, thereby ensuring the up/down ratio of 0.65. For the week, the shares have posted returns of 0.95%.A block trade registered during the day has revealed $0 million in upticks and $5.32 million in downticks. The up/down ratio in this case turned out to be 0. The net money flow for the block trade was $(-5.32) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Teleflex Incorporated rose by 0.76% in the last five trading days and 4.11% for the last 4 weeks. Teleflex Incorporated is up 17.49% in the last 3-month period. Year-to-Date the stock performance stands at 4.11%. Teleflex Incorporated (NYSE:TFX) rose 0.02% or 0.04 points on Wednesday and made its way into the gainers of the day. After trading began at $169 the stock was seen hitting $169 as a peak level and $165.95 as the lowest level. The stock ended up at $167.77. The daily volume was measured at 275,919 shares. The 52-week high of the share price is $188.79 and the 52-week low is $130.84. The company has a market cap of $7,391 million.

Company has reported several Insider transactions to the SEC, on Dec 23, 2016, Jeffrey A Graves (director) sold 5,000 shares at 160.57 per share price.On Jun 7, 2016, Stuart A Randle (director) sold 797 shares at 166.10 per share price.On May 18, 2016, Thomas Anthony Kennedy (Senior VP, Global Operations) sold 15,102 shares at 160.20 per share price.

Teleflex Incorporated Last issued its quarterly earnings results on Oct 27, 2016. The company reported $1.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $1.78. The company had revenue of $455.60 million for the quarter, compared to analysts expectations of $461.48 million. The companys revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Teleflex Incorporated was Upgraded by Jefferies to Buy on Jan 6, 2017.

Teleflex Inc. designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. The company offers its products to hospitals and healthcare providers through its direct sales force and distributors. Teleflex was founded in 1943 and is headquartered in Wayne, Pennsylvania.


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