Invesco Plc (IVZ) Shares are Up 1.78%

Invesco Plc (IVZ) : Traders are bullish on Invesco Plc (IVZ) as it has outperformed the S&P 500 by a wide margin of 6.06% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.81%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.78% in the last 1 week, and is up 6.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Invesco Ltd. is up 3.51% in the last 3-month period. Year-to-Date the stock performance stands at -6.86%. The stock has recorded a 20-day Moving Average of 4.46% and the 50-Day Moving Average is 9.92%.


Invesco Plc (NYSE:IVZ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.95 and $29.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.29, notching a gain of 0.40% for the day. The total traded volume was 2,837,283 . The stock had closed at $30.17 on the previous day.

Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Invesco Plc (NYSE:IVZ). Barclays has a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $36 per share from a prior target of $35. The rating by the firm was issued on August 9, 2016.

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.

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