Shares of Mednax Inc (MD) Sees Large Outflow of Money

Mednax Inc (MD) : Thursdays money flow analysis of Mednax Inc (MD) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $8.34 million. In comparison, the inflow of money on upticks was a meager $4.95 million. The dollar value of composite uptick trades minus the downtick trades was negative $3.4 million. The uptick to downtick ratio of 0.59 in the money flow shows weakness. The downtick transaction value was high at $4.09 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($4.09 million). Mednax Inc (MD) gained $0.49 at $73.7, a change of 0.67% over the previous days close.


Mednax Inc (MD) : The most positive equity analysts on Mednax Inc (MD) expects the shares to touch $94, whereas, the least positive believes that the stock will trade at $70 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $81.5 with an expected fluctuation of $8.09 from the mean. The stock has recorded a 20-day Moving Average of 4.51% and the 50-Day Moving Average is 5.97%.

Mednax Inc (NYSE:MD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.23 and $73.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $74.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.71, notching a gain of 0.68% for the day. The total traded volume was 379,458 . The stock had closed at $73.21 on the previous day.

MEDNAX, Inc. (MEDNAX) is a provider of physician services, including newborn, maternal-fetal and other pediatric subspecialty care. The Company provides clinical care to babies born prematurely or with complications within specific hospital units, primarily neonatal intensive care units (NICUs). It provides anesthesia care at more than 90 hospitals, 100 ambulatory surgery centers and office-based practices with over 950 of its affiliated anesthesiologists. It provides acute and chronic pain management services in over 20 pain management centers through its network of physicians and physician assistants. It provides inpatient and office-based clinical care to expectant mothers and their unborn babies through its over 245 affiliated maternal-fetal medicine subspecialists, as well as obstetricians and other clinicians. Its network includes other pediatric subspecialists, such as pediatric intensivists, pediatric hospitalists and pediatric surgeons.

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