Shares of E*TRADE Financial Corporation (ETFC) Sees Large Outflow of Money

E*TRADE Financial Corporation (ETFC) : The value of composite uptick trades was $3.64 million, whereas, the value of composite downtick trades was $5.69 million. The uptick to downtick ratio stood at 0.64 with a negative money flow of ($2.04) Million during Tuesdays trading session. The block trades money flow was negative ($1.41 million).The uptick to the downtick ratio of 0.27 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $0.53 million. The transaction of the trades on downticks amounted to $1.93 million, which confirms investors selling on the strength of price. E*TRADE Financial Corporation (ETFC) gained 17 cents at $26.31, an increase of 0.65% over the previous days close.


Also, Major Brokerage house, Barclays maintains its ratings on E*TRADE Financial Corporation (NASDAQ:ETFC). In the latest research report, Barclays raises the target price from $28 per share to $30 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on August 9, 2016.

Shares of E*TRADE Financial Corporation rose by 4.88% in the last five trading days and 6.18% for the last 4 weeks. E*TRADE Financial Corporation has dropped 5.37% during the last 3-month period . Year-to-Date the stock performance stands at -10.8%.

E*TRADE Financial Corporation (NASDAQ:ETFC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.13 and $26.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.44, notching a gain of 1.15% for the day. The total traded volume was 1,871,187 . The stock had closed at $26.14 on the previous day.

In a related news, Simonich Brent, officer (Principal Accounting Officer) of E Trade Financial Corp, unloaded 3,994 shares at an average price of $26.22 on April 26, 2016. The total amount of the transaction was worth $104,723, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

E*Trade Financial Corporation is a financial services company and an online brokerage industry. The Company offers solutions for individual investors and stock plan participants. The Company offers its customers to take control of its financial futures by providing the products, tools, services and advice they need to meet their near and long term investing goals. The Company provides these services to customers both online and through their network of customer service representatives and Financial Consultants – over the phone and in person at 30 Company branches across the United States. The Company operates a bank with the primary purpose of maximizing the value of deposits generated though its brokerage business.

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