Large Inflow of Money Detected in The Charles Schwab Corporation

The Charles Schwab Corporation (SCHW) : Wednesdays money flow indicated an uptick to downtick ratio was at 1.92. The total value of inflow transactions on upticks was $7.06 million, whereas, the total value of outflow trades on downticks was $3.67 million. The total money flow was $3.39 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $2.15 million. The total value of the trades done on upticks was $2.15 million. The Charles Schwab Corporation (SCHW) was trading with a -0.18% change over previous days close. It fell $0.05 during the day and reached $27.43. The stock was 1.48% compared to the previous weeks close.


Also, In the latest statement by the brokerage house, Nomura maintains its outlook on The Charles Schwab Corporation (NYSE:SCHW). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm lowers the price target from $33 per share to $31 per share. The rating by the firm was issued on July 11, 2016.

The Charles Schwab Corporation (NYSE:SCHW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.67 and $27.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.92, notching a gain of 1.60% for the day. The total traded volume was 9,585,408 . The stock had closed at $27.48 on the previous day.

The stock has recorded a 20-day Moving Average of 6.49% and the 50-Day Moving Average is 0.08%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Schwab Charles Corp, Adams John K Jr, had purchased 4,900 shares in a transaction dated on May 31, 2016. The transaction was executed at $30.61 per share with total amount equaling $149,989.

The Charles Schwab Corporation (CSC) is a savings and loan holding company. Through its subsidiaries, the Company engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services to individual investors, retirement plan services and corporate brokerage services. The Advisor Services segment provides custodial, trading, and support services to independent investment advisors (IAs) and retirement business services to independent retirement plan advisors and record keepers. The Company offers a range of products to address individuals varying investment and financial needs. Its product offerings include brokerage, mutual funds, exchange-traded funds (ETFs), advice solutions, banking and trust.

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