Shares of Deutsche Bank AG (DB) Sees Large Outflow of Money

Deutsche Bank AG (DB): The stock had negative money flow to the tune of ($1.07 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $5.1 million, whereas, the outflow of money on downticks was $6.17 million and the ratio between the two was 0.83. The block trade had a negative net money flow of ($0.66 million). The total block trade value undertaken on upticks was $0.59 million. On the other hand, downticks amounted to $1.25 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.47. Deutsche Bank AG (DB) closed with marginal gains of 41 cents to end the day at $14.33, an increase of 2.95% over the previous days close. The stock recorded 2.5% for the week.


Also, Equity analysts at the Brokerage firm Barclays downgrades its rating on Deutsche Bank AG (NYSE:DB). The rating major has initiated the coverage with equal-weight rating on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The rating by the firm was issued on June 9, 2016.

Shares of Deutsche Bank AG rose by 2.79% in the last five trading days and 10.1% for the last 4 weeks. Deutsche Bank AG has dropped 18.33% during the last 3-month period . Year-to-Date the stock performance stands at -40.41%.

Deutsche Bank AG (NYSE:DB): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.24 and $14.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.39, notching a gain of 3.38% for the day. The total traded volume was 3,372,946 . The stock had closed at $13.92 on the previous day.

Deutsche Bank AG is a global investment bank, which offers a range of products and services in investment, corporate and retail banking, as well as in asset and wealth management. The Group operates through five corporate divisions: Corporate Banking & Securities (CB&S), Private & Business Clients (PBC), Global Transaction Banking (GTB), Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Operations Unit (NCOU). CB&S consists of two business divisions, Corporate Finance and Markets, which offers a range of financial products. PBC consists of three business units, Private and Commercial Banking, Advisory Banking International and Postbank. GTB delivers commercial banking products and services to corporate clients and financial institutions. Deutsche AWM is an investment organization which offers investments across various asset classes to individuals and institutions. NCOU operates as a separate division alongside Deutsche Banks core businesses.

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