Shares of Barclays PLC (BCS) Sees Large Outflow of Money

Barclays PLC (BCS) : Money flow in the Barclays PLC (BCS) stock was negative (1.08 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $5.85 million, compared to $6.93 million on downticks. The total uptick to downtick ratio was 0.84, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0.03 million), indicating selling on the strength. The transaction value during uptick in block trades was $1.59 million. Downtick transaction value in block trades amounted to $1.62 million, indicating persistent selling. The uptick to downtick ratio was 0.98. Barclays PLC (BCS) traded $0.18 higher at $8.88 gaining 2.02% over the previous days close.


Also, Major Brokerage house, Exane BNP Paribas upgrades its ratings on Barclays PLC (NYSE:BCS). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 8, 2016.

Shares of Barclays PLC rose by 2.76% in the last five trading days and 12.34% for the last 4 weeks. Barclays PLC has dropped 14.35% during the last 3-month period . Year-to-Date the stock performance stands at -29.31%.

Barclays PLC (NYSE:BCS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.88 and $8.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.92, notching a gain of 2.53% for the day. The total traded volume was 5,628,362 . The stock had closed at $8.70 on the previous day.

Barclays PLC (Barclays) is a global financial services holding company. The Company operates in five business segments: Personal and Corporate Banking (PCB), Barclaycard, Africa Banking, Investment Bank and Head Office. Barclays Bank PLC is a wholly owned subsidiary of Barclays. The Personal and Corporate Banking (PCB) comprises personal banking, mortgages, wealth & investment management, and corporate banking. Barclaycard is an international payments services provider. The Africa Banking business is managed under three primary businesses. Its businesses include retail and business banking (RBB); wealth, investment management and insurance (WIMI); corporate and investment banking (CIB), as well as an Africa Head Office function. The Investment Bank consists of origination-led and returns-focused markets. Head Office comprises head office and central support functions. It also includes the businesses in transition and consolidation adjustments.

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