Shares of Eaton Vance Corporation (NYSE:EV) Sees Large Outflow of Money

Eaton Vance Corporation (NYSE:EV) : The value of composite uptick trades was $6.82 million, whereas, the value of composite downtick trades was $13.26 million. The uptick to downtick ratio stood at 0.51 with a negative money flow of ($6.44) Million during Wednesdays trading session. The block trades money flow was negative ($5.66 million).The uptick to the downtick ratio of 0.28 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $2.17 million. The transaction of the trades on downticks amounted to $7.84 million, which confirms investors selling on the strength of price. Eaton Vance Corporation (NYSE:EV) gained 62 cents at $34.18, an increase of 1.85% over the previous days close.


In an insider trading activity, The director, of Eaton Vance Corp, Smith Winthrop H Jr had unloaded 8,197 shares at $37.2 per share in a transaction on June 23, 2016. The total value of transaction was $304,928. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. Institutional Investors own 71.36% of Eaton Vance Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 50%.

The company shares have dropped -14.39% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $40.11 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $35.51 and the 200 Day Moving Average price is recorded at $32.43. Eaton Vance Corporation (NYSE:EV): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.04 and $33.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.20, notching a gain of 1.91% for the day. The total traded volume was 1,768,754 . The stock had closed at $33.56 on the previous day.

Eaton Vance Corp is managing investment funds and providing investment management and advisory services to institutions and high-net-worth individuals. The Company develops and sustains management expertise across a range of investment disciplines and offers investment products and services through multiple distribution channels. The Companys principal investment affiliates Eaton Vance Management, Parametric, Atlanta Capital and Hexavest offer a range of strategies. The Eaton Vance Management offers Equity, income and alternative strategies based on in-depth fundamental analysis. The Parametric offers rules-based alpha-seeking equity, alternative and options strategies and implementation services. The Atlanta Capital actively manages high-quality US stock and bond portfolios constructed using bottom-up fundamental analysis. The Hexavest offer global equity and tactical allocation strategies combining fundamental research and quantitative models.

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