Large Outflow of Money Witnessed in MetLife

MetLife (MET): The stock had negative money flow to the tune of ($10.78 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $31.69 million, whereas, the outflow of money on downticks was $42.47 million and the ratio between the two was 0.75. The block trade had a negative net money flow of ($11.46 million). The total block trade value undertaken on upticks was $2.19 million. On the other hand, downticks amounted to $13.64 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.16. MetLife (MET) closed with marginal gains of 38 cents to end the day at $44.13, an increase of 0.87% over the previous days close. The stock recorded -0.88% for the week.


MetLife, Inc. has dropped 1.28% in the last five trading days, however, the shares have posted positive gains of 4.06% in the last 4 weeks. MetLife, Inc. is up 13.62% in the last 3-month period. Year-to-Date the stock performance stands at -5.94%.

MetLife (MET) has an average broker rating of 1.73, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

MetLife (NYSE:MET): The stock opened at $44.02 and touched an intraday high of $44.17 on Wednesday. During the day, the stock corrected to an intraday low of $43.455, however, the bulls stepped in and pushed the price higher to close in the green at $44.13 with a gain of 0.87% for the day. The total traded volume for the day was 5,922,050. The stock had closed at $43.75 in the previous trading session.

MetLife, Inc. (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Companys segments include Retail; Group, Voluntary & Worksite Benefits, and Corporate Benefit Funding. Its three geographic segments are Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). In addition, MetLifes Corporate & Other includes MetLife Home Loans LLC (MLHL), the surviving, non-bank entity of the merger of MetLife Bank, National Association (MetLife Bank) with and into MLHL, and other business activities. Through its subsidiaries and affiliates, it operates in the United States, Japan, Latin America, Asia, Europe and the Middle East. The Companys businesses in the Americas offer a range of protection products and services.

Comments (0)

Leave a Reply

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