Aetna (AET) has been under a strong bear grip, hence the stock is down -0.23% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.19% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.24% in the last 1 week, and is up 0.8% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.82% and the 50-Day Moving Average is 0.75%. Aetna (NYSE:AET): stock turned positive on Friday. Though the stock opened at $118.59, the bulls momentum made the stock top out at $120.11 level for the day. The stock recorded a low of $118.04 and closed the trading day at $119.58, in the green by 0.33%. The total traded volume for the day was 1,739,291. The stock had closed at $119.19 in the previous days trading.
The company Insiders own 0.9% of Aetna shares according to the proxy statements. Institutional Investors own 93.01% of Aetna shares. During last six month period, the net percent change held by insiders has seen a change of -31.42%. Also, Equity Analysts at the Wolfe Research downgrades the rating on Aetna (NYSE:AET). The brokerage firm has issued a Peer Perform rating on the shares. The shares were previously rated Outperform. The rating by the firm was issued on July 21, 2016.
Aetna Inc. is a diversified health care benefits company. The Company offers a range of traditional, voluntary and consumer-directed health insurance products and related services. The Companys operations are conducted in three business segments: Health Care, Group Insurance and Large Case Pensions. The Companys Health Care segment includes medical, pharmacy benefit management services, dental, behavioral health and vision plans. The Companys Group Insurance segments products consist primarily of Life Insurance Products, Disability Insurance Products and Long-Term Care Insurance Products. The Companys Large Case Pensions segment manages a variety of retirement products (including pension and annuity products) primarily for tax-qualified pension plans. The Companys customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, Governmental units, Government-sponsored plans, labor groups and expatriates.