Aetna (AET) has been under a strong bear grip, hence the stock is down -0.52% 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 3.1% 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 3.54% in the last 1 week, and is up 1.96% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Aetna (NYSE:AET): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $117.04 and $116.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $119.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $119.29, notching a gain of 2.30% for the day. The total traded volume was 3,416,835 . The stock had closed at $116.61 on the previous day.
The stock has recorded a 20-day Moving Average of 1.97% and the 50-Day Moving Average is 0.99%. Aetna Inc. is up 5.96% in the last 3-month period. Year-to-Date the stock performance stands at 11.09%.
Aetna (AET) : Average target price received by Aetna (AET) is $135.64 with an expected standard deviation of $17.34. The most aggressive target on the stock is $152, whereas the most downbeat target is $80. 14 financial analysts are currently covering the stock.
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.