Shares of Varian Medical Systems (VAR) Sees Large Outflow of Money

Varian Medical Systems (VAR) : Net money flow in Varian Medical Systems (VAR) was negative ($10.08 million) and the inflow of money on uptick was $11.4 million, whereas, the outflow of money on downticks amounted to $21.48 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.53. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $1.25 million. On the other hand, the total value of block trades done on downticks was $10.77 million. The ratio of uptick to downtick block trades was 0.12. The money flow in block trades was negative ($9.52). Varian Medical Systems (VAR) gained $1.08 cent during the day and reached $83.82, a gain of 1.31% over the previous day.


Varian Medical Systems (VAR) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $95 and the lowest price target forecast is $80. The average forecast of all the analysts is $87.8 and the expected standard deviation is $6.22. The stock has recorded a 20-day Moving Average of 1.74% and the 50-Day Moving Average is 1.45%.

Varian Medical Systems (NYSE:VAR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $82.74 and $82.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $83.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $83.82, notching a gain of 1.31% for the day. The total traded volume was 763,272 . The stock had closed at $82.74 on the previous day.

Varian Medical Systems Inc. is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy. The Company is a supplier of X-ray imaging components for medical, scientific, and industrial applications and supplies X-ray imaging products for cargo screening and industrial inspection. The Company offers tools for fighting cancer, taking X-ray images and protecting ports and borders. The Companys products include linear accelerators, brachytherapy afterloaders, treatment simulation and verification equipment, accessories, information management, treatment planning and image processing software. The Companys customers include university research and community hospitals, private and governmental institutions, healthcare agencies, doctors offices and cancer care clinics.

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