Shares of Allergan plc. (AGN) Sees Large Outflow of Money

Allergan plc. (AGN) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (6.24 million) in Allergan plc. (AGN). On Thursday, The value of composite uptick trades was $15.37 million, whereas, the value of composite downtick trades was $21.61 million and the ratio between the two was 0.71, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $7.18 million. The negative money flow of ($7.18 million) shows selling on strength. Allergan plc. (AGN) gained $0.02 intraday at $237 and registrered 0.01% for the week.


Allergan plc. (AGN) : The most positive equity analysts on Allergan plc. (AGN) expects the shares to touch $400, whereas, the least positive believes that the stock will trade at $232 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $294.64 with an expected fluctuation of $51.4 from the mean. The stock has recorded a 20-day Moving Average of 1.16% and the 50-Day Moving Average is 3.49%.

Allergan plc. (NYSE:AGN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $236.25 and $234.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $238.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $238.01, notching a gain of 0.43% for the day. The total traded volume was 1,687,191 . The stock had closed at $236.98 on the previous day.

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Your email address will not be published.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.