Shares of MetLife (MET) Sees Large Outflow of Money

MetLife (MET) : Money flow in the MetLife (MET) stock was negative (13.79 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $113.62 million, compared to $127.41 million on downticks. The total uptick to downtick ratio was 0.89, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($15.04 million), indicating selling on the strength. The transaction value during uptick in block trades was $17.52 million. Downtick transaction value in block trades amounted to $32.56 million, indicating persistent selling. The uptick to downtick ratio was 0.54. MetLife (MET) traded $1.9 higher at $42.38 gaining 4.69% over the previous days close.


The stock has recorded a 20-day Moving Average of 5.27% and the 50-Day Moving Average is 0.51%. Shares have dropped -29.82% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $58.13 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $42.28 and the 200 Day Moving Average price is recorded at $42.86.

MetLife (NYSE:MET): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.36 and $41.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.38, notching a gain of 4.69% for the day. The total traded volume was 17,183,360 . The stock had closed at $40.48 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, Global Employee Benefits) of Metlife Inc, Morris Maria R had sold 2,000 shares worth of $78,860 in a transaction dated July 1, 2016. In this transaction, 2,000 shares were sold at $39.43 per share.

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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