Shares of Toronto Dominion Bank (The) (TD) Sees Large Outflow of Money

Toronto Dominion Bank (The) (TD) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (1.12 million) in Toronto Dominion Bank (The) (TD). On Tuesday, The value of composite uptick trades was $5.55 million, whereas, the value of composite downtick trades was $6.66 million and the ratio between the two was 0.83, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $0.46 million. The negative money flow of ($0.46 million) shows selling on strength. Toronto Dominion Bank (The) (TD) gained $0.25 intraday at $44.88 and registrered 0.56% for the week.


Also, Brokerage firm CIBC downgrades its rating on Toronto Dominion Bank (The) (NYSE:TD). The shares have been rated Sector Performer. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on August 26, 2016.

Shares of The Toronto-Dominion Bank rose by 1.31% in the last five trading days and 3.6% for the last 4 weeks. The Toronto-Dominion Bank is up 3.13% in the last 3-month period. Year-to-Date the stock performance stands at 17.89%.

Toronto Dominion Bank (The) (NYSE:TD): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.55 and $44.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.84, notching a gain of 0.47% for the day. The total traded volume was 1,371,034 . The stock had closed at $44.63 on the previous day.

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank conducts its business through segments, such as Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses, including credit cards, auto finance, wealth and insurance businesses. U.S. Retail consists of the Banks retail and commercial banking operations operating under the brand TD Bank, Americas Most Convenient Bank, and wealth management services in the United States. Wholesale Banking provides a range of capital markets, investment banking, and corporate banking products and services, including underwriting and distribution of new debt and equity issues, providing advice on strategic acquisitions and divestitures, and meeting the daily trading, funding and investment needs of its clients. The Bank is also an online financial services firm.

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