AMERIPRISE FINANCIAL SERVICES (AMP) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 1,961,280 to 1,730,540 shares, with 2 days to go before the expiry. The short open interest has decreased by -11.8%, amounting to a reduction of -230,740 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 1% of the float of the company. The average daily volume of the stock is 739,436 shares. The short interest information was released on Wednesday Aug 24th after the market close.

AMERIPRISE FINANCIAL SERVICES (NYSE:AMP): The stock opened at $97.74 on Wednesday but the bulls could not build on the opening and the stock topped out at $97.95 for the day. The stock traded down to $97.35 during the day, due to lack of any buying support eventually closed down at $97.53 with a loss of -0.13% for the day. The stock had closed at $97.66 on the previous day. The total traded volume was 636,434 shares.


In a related news, The Securities and Exchange Commission has divulged that Kupper Randy, officer (EVP Technology and CIO) of Ameriprise Financial Inc, had unloaded 5,686 shares at an average price of $96.91 in a transaction dated on August 9, 2016. The total value of the transaction was worth $551,030.

Ameriprise Financial, Inc. (Ameriprise Financial) is a holding company primarily engaged in business through its subsidiaries. Ameriprise Financial is a diversified financial services company that offers financial solutions to individual and institutional clients. The Company operates in four segments: Advice & Wealth Management, Asset Management, Annuities and Protection. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services, primarily to retail clients through advisors. The Asset Management segment provides investment advice and investment products to retail, high net worth and institutional clients on a global scale through Columbia Management and Threadneedle. The Annuities segment provides variable and fixed annuity products of RiverSource Life companies to individual clients. The Protection segment offers a variety of products to address the protection and risk management needs of retail clients.

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