Shares of Ally Financial (ALLY) Sees Large Inflow of Net Money Flow

Ally Financial (ALLY) : The money flow analysis of Ally Financial (ALLY) indicates a $1.9 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $3.58 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.89 and so was the total money flow at $1.69 million. The bulls lapped up $2.02 million worth of block trades on upticks. The money flow was $2.02 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Ally Financial (ALLY), pushing it down by -0.74% for the day. The stock slid $0.13 and traded at $17.39 during the day. Nonetheless, the stock is 0.64% over the previous weeks close.


Ally Financial (ALLY) : The highest short term price target forecast on Ally Financial (ALLY) is $28 and the lowest target price is $19. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $23.64 with a standard deviation of $3.47.

Ally Financial (NYSE:ALLY): On Fridays trading session , Opening price of the stock was $17.51 with an intraday high of $17.65. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $17.35. However, the stock managed to close at $17.43, a loss of 0.51% for the day. On the previous day, the stock had closed at $17.52. The total traded volume of the day was 3,417,311 shares.

In a related news, Magner Marjorie, director of Ally Financial Inc. had purchased 1,000 shares on May 4, 2016 in a transaction. The price per share was $16.72 and the total amount of the disclosed transaction was $16,720.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Ally Financial Inc. is a financial holding company and a bank holding company. It is an independent, diversified financial services firm. Its banking subsidiary, Ally Bank, is an indirect wholly owned subsidiary of the Company and a franchise in the Internet, telephone, mobile and mail banking market. Dealer Financial Services, which includes the Companys Automotive Finance and Insurance operations, and Mortgage are its primary lines of business. Ally Bank offers deposit products, such as checking, savings and certificates of deposit (CDs), as well as several raise-your-rate CD terms, IRA deposit products, Popmoney person-to-person transfer service, eCheck remote deposit capture, Ally Perks debit rewards program and Mobile Banking.

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