Large Inflow of Money Witnessed in Anthem

Anthem (ANTM) stock had a bullish inflow of $73.6 million worth of trades on uptick and an outflow of $50.84 million in downticks on Thursday. The total uptick to downtick ratio stood at 1.45. The net money flow into the stock was $22.76 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $20.49 million. $20.49 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Anthem (ANTM) stock traded down $2.68 , and reached $129.44, a drop of -2.03% over the previous day. On a weekly basis, the stock is -1.69%, over the previous weeks close.


Anthem (ANTM) : Currently there are 13 street experts covering Anthem (ANTM) stock. The most bullish and bearish price target for the stock is $197 and $150 respectively for the short term. The average price target of all the analysts comes to $171.08. The estimated standard deviation from the target is $13.67. The stock has recorded a 20-day Moving Average of 0.93% and the 50-Day Moving Average is 3.14%.

Anthem (NYSE:ANTM): The stock opened at $132.44 on Thursday but the bulls could not build on the opening and the stock topped out at $132.45 for the day. The stock traded down to $128.55 during the day, due to lack of any buying support eventually closed down at $129.44 with a loss of -2.03% for the day. The stock had closed at $132.12 on the previous day. The total traded volume was 2,008,275 shares.

Anthem, Inc. is a health benefit company. The Company offers a range of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Its managed care plans include preferred provider organizations (PPOs), health maintenance organizations (HMOs), point-of-service (POS), plans, traditional indemnity plans and other hybrid plans, including consumer-driven health plans (CDHPs), and hospital only and limited benefit products. In addition, the Company also provides an array of managed care services to self-funded customers, including claims processing, underwriting, stop loss insurance, actuarial services, provider network access, medical cost management, disease management, wellness programs and other administrative services. The Company provides an array of specialty and other insurance products and services, such as dental, vision, life and disability insurance benefits, radiology benefit management and analytics-driven personal health care.

Comments (0)

Leave a Reply

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

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.