Large Inflow of Money Detected in J P Morgan Chase & Co

J P Morgan Chase & Co (JPM) : J P Morgan Chase & Co (JPM) had a healthy money flow of $34.98 million into the stock during the Mondays trading session. The value of bullish trades on upticks was $109.6 million, whereas, investors only sold shares worth $74.63 million on downticks. The stock closed the day with an up-down ratio of 1.47.The money flow in the block trades to the tune of $29.81 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $41.8 million worth of transactions were on upticks. A paltry $11.99 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 3.49. J P Morgan Chase & Co (JPM) stock slid $0.14 intraday and traded at 65.32, a change of -0.21% over previous days close. However, for the week, the company shares are -1.48% compared to previous weeks close.


JPMorgan Chase & Co. has dropped 0.57% in the last five trading days, however, the shares have posted positive gains of 2.4% in the last 4 weeks. JPMorgan Chase & Co. is up 7.41% in the last 3-month period. Year-to-Date the stock performance stands at 1.73%.

J P Morgan Chase & Co (NYSE:JPM): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.56 and $65.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $65.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.72, notching a gain of 0.61% for the day. The total traded volume was 8,371,557 . The stock had closed at $65.32 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Zames Matthew E, officer (Chief Operating Officer) of Jpmorgan Chase & Co, had unloaded 3,991 shares at an average price of $63.91 in a transaction dated on July 15, 2016. The total value of the transaction was worth $255,065.

JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chases activities are organized into four business segments. The Companys Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through ATMs, online, mobile and telephone banking. The Corporate & Investment Bank, comprising Banking and Markets & Investor Services, offers investment banking, market-making, prime brokerage, and treasury and securities products and services. The Commercial Banking (CB) segment delivers industry knowledge, local expertise and service to the United States and the United States multinational clients. The Asset Management segment comprises investment and wealth management. The Company also operates a Corporate segment.

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