Shares of Cerner Corporation (CERN) Sees Large Outflow of Money

Cerner Corporation (CERN): The stock had negative money flow to the tune of ($4.35 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $27.42 million, whereas, the outflow of money on downticks was $31.78 million and the ratio between the two was 0.86. The block trade had a negative net money flow of ($3.13 million). The total block trade value undertaken on upticks was $4.79 million. On the other hand, downticks amounted to $7.92 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.6. Cerner Corporation (CERN) closed with marginal gains of 70 cents to end the day at $59.49, an increase of 1.19% over the previous days close. The stock recorded 0.98% for the week.


Cerner Corporation (CERN) has been rated by 16 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $77 and the lowest price target forecast is $55. The average forecast of all the analysts is $66.38 and the expected standard deviation is $6.3. The stock has recorded a 20-day Moving Average of 6.42% and the 50-Day Moving Average is 7.21%.

Cerner Corporation (NASDAQ:CERN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.73 and $58.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.61, notching a gain of 1.39% for the day. The total traded volume was 3,551,576 . The stock had closed at $58.79 on the previous day.

Cerner Corporation (Cerner) is a supplier of health care information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. The Company offers software, hardware, professional services and managed services. The Company operates in two segments: Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba, Australia, Austria, Brazil, Canada, Cayman Islands, Chile, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Israel, Malaysia, Mexico, Netherlands, Qatar, Saudi Arabia, Singapore, Spain, Switzerland and the United Arab Emirates. Cerner solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Its solutions include HealtheRegistries, Cerner ITWorks, Cerner RevWorks, PowerWorks and CommunityWorks, among others.

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