Shares of Invesco Plc (IVZ) Sees Large Outflow of Money

Invesco Plc (IVZ) : Net money flow in Invesco Plc (IVZ) was negative ($6.65 million) and the inflow of money on uptick was $22.69 million, whereas, the outflow of money on downticks amounted to $29.34 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.77. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $7.86 million. On the other hand, the total value of block trades done on downticks was $14.91 million. The ratio of uptick to downtick block trades was 0.53. The money flow in block trades was negative ($7.06). Invesco Plc (IVZ) gained $0.23 cent during the day and reached $31.19, a gain of 0.74% over the previous day.


Also, Brokerage firm Barclays maintains its rating on Invesco Plc (NYSE:IVZ). As per the latest information, the brokerage house raises the price target to $36 per share from a prior target of $35. The shares have been rated Overweight. The rating by the firm was issued on August 9, 2016.

Shares of Invesco Ltd. rose by 1.93% in the last five trading days and 8.42% for the last 4 weeks. Invesco Ltd. is up 0.56% in the last 3-month period. Year-to-Date the stock performance stands at -4.1%.

Invesco Plc (NYSE:IVZ): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.10 and $31.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.19, notching a gain of 0.74% for the day. The total traded volume was 4,325,142 . The stock had closed at $30.96 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Invesco Ltd., Johnson Ben F. Iii, had purchased 2,000 shares in a transaction dated on August 1, 2016. The transaction was executed at $29.24 per share with total amount equaling $58,480.

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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