Large Outflow of Money Witnessed in On Assignment

On Assignment (ASGN) : The total money flow in On Assignment (ASGN) was negative ($12.6 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $15.38 million. In comparison, the inflow of money into the stock on upticks was $2.78 million. The uptick to downtick ratio was 0.18. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $12.8 million. The value of transactions on uptick was $0.42 million. The negative money flow of ($12.38 million) confirms the selling in On Assignment (ASGN) on strength. The uptick to downtick ratio of block trades was 0.03. On Assignment (ASGN) gained $0.61 at $37.48, a gain of 1.65% over the previous days close. However, the stock registered 0.46% in the week.


Shares of On Assignment Inc. appreciated by 1.63% during the last five trading days but lost 1% on a 4-week basis. On Assignment Inc. is up 4.11% in the last 3-month period. Year-to-Date the stock performance stands at -16.62%.

On Assignment (ASGN) : 7 brokerage houses believe that On Assignment (ASGN) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on On Assignment (ASGN). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 8 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.25.

On Assignment (NYSE:ASGN): The stock opened at $36.92 and touched an intraday high of $37.57 on Wednesday. During the day, the stock corrected to an intraday low of $36.25, however, the bulls stepped in and pushed the price higher to close in the green at $37.48 with a gain of 1.65% for the day. The total traded volume for the day was 657,268. The stock had closed at $36.87 in the previous trading session.

On Assignment, Inc. is a global provider of professionals in the information technology (IT), engineering and life sciences sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include Apex, Oxford and Life Sciences Europe. The Apex Segment provides information technology and scientific staffing professionals for contract, contract-to-hire and permanent placement positions. The Oxford Segment provides contract and direct placement services of information technology and engineering professionals in specialized information technology, software and hardware engineering, and mechanical, electrical, validation and telecommunications engineering fields. The Life Sciences Europe Segment provides locally-based contract life science professionals to clients in the biotechnology, pharmaceutical, food and beverage, medical device, personal care, chemical, automotive, educational and environmental industries.

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