Large Inflow of Money Detected in Invesco Plc

Invesco Plc (IVZ) stock had a bullish inflow of $2.28 million worth of trades on uptick and an outflow of $0.39 million in downticks on Wednesday. The total uptick to downtick ratio stood at 5.84. The net money flow into the stock was $1.89 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $1.78 million. $1.78 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Invesco Plc (IVZ) stock traded down $0.04 , and reached $27.56, a drop of -0.14% over the previous day. On a weekly basis, the stock is 0.51%, over the previous weeks close.


Also, Major Brokerage house, Jefferies maintains its ratings on Invesco Plc (NYSE:IVZ). In the latest research report, Jefferies lowers the target price from $35 per share to $30 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on July 11, 2016.

Invesco Plc (NYSE:IVZ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.84 and $27.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.01, notching a gain of 1.49% for the day. The total traded volume was 4,118,573 . The stock had closed at $27.60 on the previous day.

The stock has recorded a 20-day Moving Average of 6.65% and the 50-Day Moving Average is 0.5%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Managing Director) of Invesco Ltd., Meadows Colin had sold 40,433 shares worth of $1,149,510 in a transaction dated June 10, 2016. In this transaction, 40,433 shares were sold at $28.43 per share.

Invesco Ltd. (Invesco) is an independent global investment manager. The Company delivers an array of investment capabilities and services to retail and institutional investors through its global platform. The Company has presence in the institutional and retail markets within the investment management industry in North America, the United Kingdom, Europe, the Middle East and Asia-Pacific. The Company offers a range of domestic and global institutional strategies, including traditional and quantitative equities, fixed income (including money market funds for institutional clients), real estate, private equity, financial structures and absolute return strategies. Invesco offers retail investment solutions to clients through third-party financial intermediaries, including traditional broker-dealers, fund supermarkets, retirement platforms, financial advisors, banks, insurance companies and trust companies.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.