AMERIPRISE FINANCIAL SERVICES (NYSE:AMP) reported a rise of 10% or 198,141 shares in its short interest. The short figure came in at 1.3% of the total floats. The average daily volume of 1,029,886 shares suggests that the days to cover 2,186,735 short positions, as on June 15,2016, will be 2. On May 31,2016, the short interest was 1,988,594 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
AMERIPRISE FINANCIAL SERVICES (NYSE:AMP): The stock opened at $94.63 on Friday but the bulls could not build on the opening and the stock topped out at $96.55 for the day. The stock traded down to $91.30 during the day, due to lack of any buying support eventually closed down at $91.32 with a loss of -10.22% for the day. The stock had closed at $101.71 on the previous day. The total traded volume was 3,543,086 shares.
The company shares have dropped -26.23% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $129.22 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $98.10 and the 200 Day Moving Average price is recorded at $95.09.
AMERIPRISE FINANCIAL SERVICES (NYSE:AMP) has tumbled 5.56% during the past week and has dropped 10.05% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4%. AMERIPRISE FINANCIAL SERVICES (NYSE:AMP) has underperformed the index by 7.33% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Ameriprise Financial, Inc. (Ameriprise Financial) is a holding company primarily engaged in business through its subsidiaries. Ameriprise Financial is a diversified financial services company that offers financial solutions to individual and institutional clients. The Company operates in four segments: Advice & Wealth Management, Asset Management, Annuities and Protection. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services, primarily to retail clients through advisors. The Asset Management segment provides investment advice and investment products to retail, high net worth and institutional clients on a global scale through Columbia Management and Threadneedle. The Annuities segment provides variable and fixed annuity products of RiverSource Life companies to individual clients. The Protection segment offers a variety of products to address the protection and risk management needs of retail clients.