MannKind (MNKD) - Trading Recap [08/02/2013]

Posted on 08/02/2013 by Tom Kaplan

NEW YORK (AVAFIN) -- Institutional trading of MannKind shares yielded a bought/sold volume ratio of 0.13. A total of 30 block trades crossed the tape, resulting in 118,600 shares on the buy side vs. 896,118 shares on the sell side. From a cash flow perspective, this implies that there was a cash inflow of $964,415 and a cash outflow of $7,364,943. The net cash flow for MNKD is $6,400,528, demonstrating that institutions may have negative outlook on the stock.

On the derivative side, a total of 7,907 put and 37,894 call contracts exchanged hands yesterday leading to a 0.21 put/call ratio.

Shares of MannKind edged up $0.26 (+3.24%) to $8.29. The price of the stock ranged between a low of $7.87 and $8.33 respectively. The trading volume of 8M is above the 90 day average volume of 8M shares. MNKD is trading above the 50 day moving average. The stock's 52 week low is $1.82 and 52 week high is $8.25. Performance indicators show that the stock has gained 99.75% within the last quarter.

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