Shares of MetLife (MET) Rally 8.7%

MetLife (MET) has been under a strong bear grip, hence the stock is down -3.19% 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 7.1% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.7% in the last 1 week, and is up 1.04% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.78% and the 50-Day Moving Average is 0.12%.

MetLife (NYSE:MET): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.59 and $42.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.61, notching a gain of 0.54% for the day. The total traded volume was 8,400,434 . The stock had closed at $42.38 on the previous day.


The company Insiders own 0.27% of MetLife shares according to the proxy statements. Institutional Investors own 75.36% of MetLife shares. In a related news, The Securities and Exchange Commission has divulged that Morris Maria R, officer (EVP, Global Employee Benefits) of Metlife Inc, had unloaded 2,000 shares at an average price of $39.43 in a transaction dated on July 1, 2016. The total value of the transaction was worth $78,860.

MetLife, Inc. (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Companys segments include Retail; Group, Voluntary & Worksite Benefits, and Corporate Benefit Funding. Its three geographic segments are Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). In addition, MetLifes Corporate & Other includes MetLife Home Loans LLC (MLHL), the surviving, non-bank entity of the merger of MetLife Bank, National Association (MetLife Bank) with and into MLHL, and other business activities. Through its subsidiaries and affiliates, it operates in the United States, Japan, Latin America, Asia, Europe and the Middle East. The Companys businesses in the Americas offer a range of protection products and services.

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