Waddell & Reed Financial (WDR) : The money flow analysis of Waddell & Reed Financial (WDR) indicates a $2.39 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $3.94 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.65 and so was the total money flow at $1.55 million. A solid up-down ratio of 5.57 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $1.15 million worth of block trades on upticks. Only $0.21 million worth of the stock exchanged hands on downticks. The money flow was $0.95 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Waddell & Reed Financial (WDR), pushing it down by -0.37% for the day. The stock slid $0.07 and traded at $18.63 during the day. Nonetheless, the stock is 1.69% over the previous weeks close.
Waddell & Reed Financial (WDR) : 5 investment research analysts covering Waddell & Reed Financial (WDR) have an average price target of $21.6 for the near short term. The highest target price given by the Brokerage Firm to the stock is $29 and the lowest target is $17 for the short term. Analysts expect the variance to be within $5.5 of the average price.
Waddell & Reed Financial (NYSE:WDR): On Fridays trading session , Opening price of the stock was $18.65 with an intraday high of $18.79. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $18.39. However, the stock managed to close at $18.63, a loss of 0.37% for the day. On the previous day, the stock had closed at $18.7. The total traded volume of the day was 1,005,909 shares.
In a related news, The director, of Waddell & Reed Financial Inc, Raines James M had unloaded 3,000 shares at $44.96 per share in a transaction on August 3, 2015. The total value of transaction was $134,880. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Waddell & Reed Financial, Inc. is a mutual fund and asset management company. The Company provides investment management, investment advisory, investment product underwriting and distribution and shareholder services administration to Waddell & Reed Advisors group of mutual funds, Ivy Funds, Ivy Funds Variable Insurance Portfolios, InvestEd Portfolios, 529 college savings and Selector Management Fund SICAV and its Ivy Global Investors sub-funds and institutional and separately managed accounts. The Company operates its business through a distribution network. Its retail products are distributed through its Wholesale channel, which includes third parties, such as other broker/dealers, registered investment advisors and various retirement platforms or through its Advisors channel sales force of independent financial advisors. It also markets investment advisory services to institutional investors, either directly or through consultants, in its Institutional channel.