Amsurg (AMSG) : The total negative money flow of $53.73 million on Friday indicates selling on strength. The inflow of money on upticks was $14.91 million, compared to $68.63 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.22. The negative money flow of $54.96 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $54.96 million. The price action in the Amsurg (AMSG) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $67.29 with a gain of $1.89 , a change of 2.89% over the previous days close. The stock registered 5.8% for the week.
The company Insiders own 2.3% of Amsurg shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.33% . Institutional Investors own 99.34% of Amsurg shares. During last six month period, the net percent change held by insiders has seen a change of -13.33%.
In a related news,The officer (Executive Vice President) of Amsurg Corp, Coward Robert Jon sold 7,500 shares at $63.65 on August 26, 2016. The Insider selling transaction had a total value worth of $477,375. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Amsurg (NASDAQ:AMSG): The stock opened at $65.35 and touched an intraday high of $67.46 on Friday. During the day, the stock corrected to an intraday low of $65.35, however, the bulls stepped in and pushed the price higher to close in the green at $67.29 with a gain of 2.89% for the day. The total traded volume for the day was 1,954,942. The stock had closed at $65.4 in the previous trading session.
Amsurg (AMSG) has been under a strong bear grip, hence the stock is down -4.98% 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 5.27% in the past 1 week. The stock has risen by 5.8% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.11% in the past 4 weeks.
AmSurg Corp. is the owner and operator of ambulatory surgery centers (ASCs) in the United States. The Company is also a provider of outsourced physician services in the areas of anesthesiology, childrens services, emergency medicine and radiology. The Company operates in two segments: ambulatory surgery services and outsourced physician services. The ambulatory services segment, which acquires, develops and operates ambulatory surgery centers in partnership with physicians. The physician services segment, which provides outsourced physician services in multiple specialties to hospitals, ambulatory surgery centers and other healthcare facilities, primarily in the areas of anesthesiology, childrens services, emergency medicine and radiology. It operated approximately 246 ASCs in over 34 states and the District of Columbia in partnership with approximately 2,000 physicians, and provided physician services to over 320 healthcare facilities in 24 states.