Shares of The Charles Schwab Corporation (SCHW) Sees Large Outflow of Money

The Charles Schwab Corporation (SCHW) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($15.74 million) and the uptick to downtick ratio was 0.65. The transaction value on upticks was $28.79 million and on downticks, the transaction value was $44.53 million. In block trades, the transaction value of inflow done during uptick was $4.61 million. The transaction value of block trades during downticks was $21.11 million. The uptick to downtick block trade ratio was 0.22. The money flow was negative ($16.5 million), indicating the traders were booking profit on the price strength. The Charles Schwab Corporation (SCHW) rose $0.56 at $31.61, during intraday Tuesday , a rise of 1.8% over the previous days close.


Also, In a research note released to the investors, Barclays maintains its rating on The Charles Schwab Corporation (NYSE:SCHW).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Barclays raises the new price target from $29 per share to $34 per share. The rating by the firm was issued on August 9, 2016.

Shares of The Charles Schwab Corporation rose by 3.91% in the last five trading days and 11.8% for the last 4 weeks. The Charles Schwab Corporation is up 2.84% in the last 3-month period. Year-to-Date the stock performance stands at -3.3%.

The Charles Schwab Corporation (NYSE:SCHW): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.16 and $31.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.61, notching a gain of 1.80% for the day. The total traded volume was 7,895,752 . The stock had closed at $31.05 on the previous day.

In a related news,The officer (EVP – Corporate Risk) of Schwab Charles Corp, Murtagh Nigel J sold 2,500 shares at $29.72 on August 5, 2016. The Insider selling transaction had a total value worth of $74,300. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

The Charles Schwab Corporation (CSC) is a savings and loan holding company. Through its subsidiaries, the Company engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services to individual investors, retirement plan services and corporate brokerage services. The Advisor Services segment provides custodial, trading, and support services to independent investment advisors (IAs) and retirement business services to independent retirement plan advisors and record keepers. The Company offers a range of products to address individuals varying investment and financial needs. Its product offerings include brokerage, mutual funds, exchange-traded funds (ETFs), advice solutions, banking and trust.

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