Large Inflow of Money Detected in AMERIPRISE FINANCIAL SERVICES

AMERIPRISE FINANCIAL SERVICES (AMP) : On Wednesday, The money flowed into the AMERIPRISE FINANCIAL SERVICES (AMP) stock with an uptick to downtick ratio was recorded at 1.31. Transactions worth $4.33 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $3.29 million. The total money flow into the stock was $1.04 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.1 million of block transactions on upticks. The total money flow in block trades was $0.1 million. In terms of price action, AMERIPRISE FINANCIAL SERVICES (AMP) traded down $0.09 during the session at $96.29. Compared to the previous days closing, the stock was down only by -0.09%. For the week, the stock is 0.05%, over previous weeks closing.


Also, Deutsche Bank maintains its view on AMERIPRISE FINANCIAL SERVICES (NYSE:AMP) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Deutsche Bank lowers the price target from $122 per share to $106 per share on AMERIPRISE FINANCIAL SERVICES . The rating by the firm was issued on July 7, 2016.

AMERIPRISE FINANCIAL SERVICES (NYSE:AMP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $96.82 and $95.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $96.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $96.50, notching a gain of 0.12% for the day. The total traded volume was 766,859 . The stock had closed at $96.38 on the previous day.

The stock has recorded a 20-day Moving Average of 4.37% and the 50-Day Moving Average is 0.55%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Director of AMERIPRISE FINANCIAL INC, Greenberg Lon R, had purchased 3,900 shares in a transaction dated on June 29, 2016. The transaction was executed at $88.18 per share with total amount equaling $343,902.

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.

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