Shares of J P Morgan Chase & Co (JPM) Sees Large Outflow of Money

J P Morgan Chase & Co (JPM): The stock had negative money flow to the tune of ($61.56 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $112.31 million, whereas, the outflow of money on downticks was $173.87 million and the ratio between the two was 0.65. The block trade had a negative net money flow of ($53.17 million). The total block trade value undertaken on upticks was $19.39 million. On the other hand, downticks amounted to $72.56 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.27. J P Morgan Chase & Co (JPM) closed with marginal gains of 55 cents to end the day at $67.5, an increase of 0.82% over the previous days close. The stock recorded 1.93% for the week.


Also, In a research note released to the investors, Bernstein downgrades its rating on J P Morgan Chase & Co (NYSE:JPM).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on August 16, 2016.

Shares of JPMorgan Chase & Co. rose by 2.63% in the last five trading days and 5.8% for the last 4 weeks. JPMorgan Chase & Co. is up 3.56% in the last 3-month period. Year-to-Date the stock performance stands at 4.48%.

J P Morgan Chase & Co (NYSE:JPM): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $66.96 and $66.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.50, notching a gain of 0.82% for the day. The total traded volume was 13,791,151 . The stock had closed at $66.95 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Zames Matthew E, officer (Chief Operating Officer) of Jpmorgan Chase & Co, had unloaded 3,991 shares at an average price of $63.91 in a transaction dated on July 15, 2016. The total value of the transaction was worth $255,065.

JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chases activities are organized into four business segments. The Companys Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through ATMs, online, mobile and telephone banking. The Corporate & Investment Bank, comprising Banking and Markets & Investor Services, offers investment banking, market-making, prime brokerage, and treasury and securities products and services. The Commercial Banking (CB) segment delivers industry knowledge, local expertise and service to the United States and the United States multinational clients. The Asset Management segment comprises investment and wealth management. The Company also operates a Corporate segment.

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