Shares of Medtronic, Inc. (NYSE:MDT) Sees Large Outflow of Money

By Stephanie Nicolas

Medtronic, Inc. (NYSE:MDT) traded higher in the last at $76.9, gaining 0.1 points or 0.13%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-4.85) million. The composite uptick value of $61.38 million was eclipsed by the accrued downtick value of $66.23 million, thereby ensuring the up/down ratio of 0.93. For the week, the shares have posted returns of 3.4%.A block trade registered during the day has revealed $10.34 million in upticks and $19.1 million in downticks. The up/down ratio in this case turned out to be 0.54. The net money flow for the block trade was $(-8.76) million.

Medtronic plc is up 1.06% in the last 3-month period. Year-to-Date the stock performance stands at 7.49%. Shares of Medtronic, Inc. (NYSE:MDT) rose by 3.42% in the past week and 0.26% for the last 4 weeks. The shares have outperformed the S&P 500 by 0.98% in the past week but underperformed the index by 0.52% in the last 4 weeks.

Medtronic, Inc. (NYSE:MDT) rose 0.14% or 0.11 points on Friday and made its way into the gainers of the day. After trading began at $76.8 the stock was seen hitting $76.96 as a peak level and $76.24 as the lowest level. The stock ended up at $76.91. The daily volume was measured at 4,656,634 shares. The 52-week high of the share price is $79.5 and the 52-week low is $59.83. The company has a market cap of $108,932 million.


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