Shares of UBS AG (UBS) Sees Large Outflow of Money

UBS AG (UBS) : The total negative money flow of $0.63 million on Wednesday indicates selling on strength. The inflow of money on upticks was $0.36 million, compared to $0.99 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.36. The negative money flow of $0.7 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $0.7 million. The price action in the UBS AG (UBS) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $13.2 with a gain of $0.17 , a change of 1.3% over the previous days close. The stock registered 0.23% for the week.


Also, Bernstein initiates coverage on UBS AG (NYSE:UBS) The current rating of the shares is Underperform. The rating by the firm was issued on July 12, 2016.

UBS AG (NYSE:UBS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.24 and $13.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.29, notching a gain of 2.00% for the day. The total traded volume was 1,732,247 . The stock had closed at $13.03 on the previous day.

The stock has recorded a 20-day Moving Average of 0.01% and the 50-Day Moving Average is 6.46%.

UBS Group AG is a holding company of the UBS Group. The Companys businesses are organized globally into five business segments: Wealth Management, Wealth Management Americas, Retail & Corporate, Global Asset Management and the Investment Bank. The Company provides private, institutional and corporate customers around the world, as well as retail customers in Switzerland with financial advice and solutions. Corporate Center includes Core Functions and Non-core and Legacy Portfolio. Core Functions include Group-wide control functions, such as finance, including treasury services, such as liquidity, funding, balance sheet and capital management; risk control, including compliance, and legal. In addition, Core Functions provide all logistics and support services. Non-core and Legacy Portfolios consists of the non-core businesses and legacy positions.

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