Shares of Torchmark Corporation (TMK) Sees Large Outflow of Money

Torchmark Corporation (TMK) : Money flow in the Torchmark Corporation (TMK) stock was negative (1.56 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $1.53 million, compared to $3.09 million on downticks. The total uptick to downtick ratio was 0.49, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.75 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $1.75 million, indicating persistent selling. Torchmark Corporation (TMK) traded $0.2 higher at $60.76 gaining 0.33% over the previous days close.


Torchmark Corporation (TMK) stock is expected to deviate a maximum of $3.46 from the average target price of $55.57 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $59 and the most muted being $51. The stock has recorded a 20-day Moving Average of 0.51% and the 50-Day Moving Average is 1.66%.

Torchmark Corporation (NYSE:TMK): The stock opened at $60.57 on Thursday but the bulls could not build on the opening and the stock topped out at $61.18 for the day. The stock traded down to $60.04 during the day, due to lack of any buying support eventually closed down at $60.54 with a loss of -0.03% for the day. The stock had closed at $60.56 on the previous day. The total traded volume was 846,798 shares.

Torchmark Corporation is an insurance holding company. The Companys segments include life insurance, health insurance, Medicare Part D, annuities and investment. The life insurance segment offers whole-life insurance, term life insurance and other life insurance products. The health insurance segment offers supplemental limited-benefit health insurance products primarily for cancer and accident plans. It also provides coverage under the Governments Medicare Part D plan. The Company offers single-premium and flexible-premium deferred annuity products. The Company also invests in bonds, preferred stock, common stocks, mortgage loans, real estate, policy loans and others. Its primary subsidiaries are American Income Life Insurance Company, Liberty National Life Insurance Company, Globe Life And Accident Insurance Company, United American Insurance Company and Family Heritage Life Insurance Company of America.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *