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

Torchmark Corporation (TMK) : The total money flow in Torchmark Corporation (TMK) was negative ($7.46 million), showing the domination of sellers in the Thursday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $12.69 million. Transactions on upticks were comparatively lower at $5.23 million. The uptick to downtick ratio was 0.41. The total block trades on downticks were valued at $7.38 million. The money flow during block trades was negative ($7.38 million) when the stock traded with a gain of $49 cent. Torchmark Corporation (TMK) was $62.24, an increase of 0.79% over the previous days close.


The stock has recorded a 20-day Moving Average of 2.81% and the 50-Day Moving Average is 3.87%. Shares have rallied 3.40% from its 1 Year high price. On Aug 11, 2015, the shares registered one year high at $63.26 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $60.55 and the 200 Day Moving Average price is recorded at $56.17.

Torchmark Corporation (NYSE:TMK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.80 and $62.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.24, notching a gain of 0.79% for the day. The total traded volume was 581,023 . The stock had closed at $61.75 on the previous day.

In an insider trading activity, The director, of Torchmark Corp, Zucconi Paul J had unloaded 1,400 shares at $59.68 per share in a transaction on June 15, 2016. The total value of transaction was $83,552. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

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