Large Outflow of Money Witnessed in The Charles Schwab Corporation

The Charles Schwab Corporation (SCHW) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($2.48 million) and the uptick to downtick ratio was 0.86. The transaction value on upticks was $15.01 million and on downticks, the transaction value was $17.5 million. In block trades, the transaction value of inflow done during uptick was $2.69 million. The transaction value of block trades during downticks was $3.71 million. The uptick to downtick block trade ratio was 0.73. The money flow was negative ($1.02 million), indicating the traders were booking profit on the price strength. The Charles Schwab Corporation (SCHW) rose $0.22 at $28.08, during intraday Friday , a rise of 0.77% over the previous days close.


The Charles Schwab Corporation (SCHW) : The highest short term price target forecast on The Charles Schwab Corporation (SCHW) is $34 and the lowest target price is $28. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $30.8 with a standard deviation of $1.99.

The Charles Schwab Corporation (NYSE:SCHW): stock turned positive on Friday. Though the stock opened at $28, the bulls momentum made the stock top out at $28.2 level for the day. The stock recorded a low of $27.86 and closed the trading day at $28.18, in the green by 1.15%. The total traded volume for the day was 6,419,459. The stock had closed at $27.86 in the previous days trading.

In a related news, Adams John K Jr, director of Schwab Charles Corp, executed a transaction worth $149,989 on May 31, 2016. A total of 4,900 shares were purchased at an average price of $30.61. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

The Charles Schwab Corporation (CSC) is a savings and loan holding company. Through its subsidiaries, the Company engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services to individual investors, retirement plan services and corporate brokerage services. The Advisor Services segment provides custodial, trading, and support services to independent investment advisors (IAs) and retirement business services to independent retirement plan advisors and record keepers. The Company offers a range of products to address individuals varying investment and financial needs. Its product offerings include brokerage, mutual funds, exchange-traded funds (ETFs), advice solutions, banking and trust.

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