Large Inflow of Money Witnessed in Credit Suisse Group

Credit Suisse Group (NYSE:CS) : $13.67 million worth of transactions were on upticks in Credit Suisse Group (NYSE:CS), compared to $11.75 million on downticks. The ratio between the two was 1.16, whereas, the net money flow stood at a healthy $1.92 million on Wednesdays session.The block trades show a bullish bias with only $2.64 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $6.34million worth of trades. The up-down ratio between the uptick and downtick was 2.4, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $3.7 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.09%. The stock was trading at $10.54, with a drop of $0.01 over the previous days close. The stock recorded -8.43% for the week.


Institutional Investors own 2.19% of Credit Suisse Group shares.

The company shares have dropped -62.09% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $29.99 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $13.02 and the 200 Day Moving Average price is recorded at $15.44. Credit Suisse Group (NYSE:CS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.49 and $10.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.64, notching a gain of 0.85% for the day. The total traded volume was 14,492,317 . The stock had closed at $10.55 on the previous day.

Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients. The Private Banking & Wealth Management comprises the Wealth Management Clients, Corporate & Institutional Clients and Asset Management businesses. Asset Management offers a range of investment products and solutions across asset classes and for all investment styles, serving governments, institutions, corporations and individuals across the world. Investment Banking offers investment banking and securities products and services to corporate, institutional and government clients around the world. Its products and services include debt and equity underwriting, sales and trading, M&A advice, divestitures, corporate sales, restructuring and investment research.

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