Shares of Northern Trust Corporation (NTRS) Sees Large Outflow of Money

Northern Trust Corporation (NTRS) : The total negative money flow of $0.69 million on Tuesday indicates selling on strength. The inflow of money on upticks was $1.5 million, compared to $2.19 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.69. The negative money flow of $0 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $0.1 million. The price action in the Northern Trust Corporation (NTRS) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $69.98 with a gain of $0.09 , a change of 0.13% over the previous days close. The stock registered 0.91% for the week.


Also, In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on Northern Trust Corporation (NASDAQ:NTRS). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm raises the price target from $70 per share to $71 per share. The rating by the firm was issued on August 5, 2016.

Shares of Northern Trust Corporation rose by 3.13% in the last five trading days and 5.56% for the last 4 weeks. Northern Trust Corporation has dropped 4.32% during the last 3-month period . Year-to-Date the stock performance stands at -0.71%.

Northern Trust Corporation (NASDAQ:NTRS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.80 and $69.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.82, notching a gain of 1.33% for the day. The total traded volume was 861,858 . The stock had closed at $69.89 on the previous day.

In a related news,The officer (EVP/Chief Risk Officer) of Northern Trust Corp, Cohodes Jeffrey D. sold 14,365 shares at $68 on August 17, 2016. The Insider selling transaction had a total value worth of $976,820. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals around the world. The Companys operating segments include Corporate & Institutional Services (C&IS), Wealth Management and Treasury and Other. The Company has a network of offices in 19 states in the United States, Washington, D.C. and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. Asset Management, through the Companys various subsidiaries, supports the C&IS and Wealth Management segments by providing a range of asset management and related services and other products to customers around the world. The Companys subsidiary is The Northern Trust Company.

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