Shares of Voya Financial (VOYA) Sees Large Outflow of Money

Voya Financial (VOYA) : Thursdays money flow analysis of Voya Financial (VOYA) 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 $3.68 million. In comparison, the inflow of money on upticks was a meager $1.97 million. The dollar value of composite uptick trades minus the downtick trades was negative $1.72 million. The uptick to downtick ratio of 0.53 in the money flow shows weakness. The uptick block trades were valued at $0.35 million. The downtick transaction value was high at $2 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.18. Hence, the net money flow in the stock was negative ($1.65 million). Voya Financial (VOYA) gained $0.17 at $23.73, a change of 0.72% over the previous days close.


Voya Financial (VOYA) stock is expected to deviate a maximum of $5.83 from the average target price of $38.73 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $48 and the most muted being $30. The stock has recorded a 20-day Moving Average of 13.8% and the 50-Day Moving Average is 21.38%.

Voya Financial (NYSE:VOYA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.45 and $23.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.60, notching a gain of 0.17% for the day. The total traded volume was 2,794,586 . The stock had closed at $23.56 on the previous day.

Voya Financial, Inc. is a retirement, investment and insurance company. The Company provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products, guaranteed investment contracts and funding agreements. The Company provides its principal products and services in three ongoing businesses: Retirement Solutions, Investment Management and Insurance Solutions. Retirement Solutions operates institutional retirement plans business and retail wealth management business. Investment Management segment offers fixed income, equity, multi-asset and alternatives products and solutions. Insurance Solutions segment offers insurance and employee benefit plans.

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