Shares of U.S. Bancorp (USB) Sees Large Outflow of Money

U.S. Bancorp (USB) : Money flow in the U.S. Bancorp (USB) stock was negative (19.49 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $23.67 million, compared to $43.16 million on downticks. The total uptick to downtick ratio was 0.55, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($17.7 million), indicating selling on the strength. The transaction value during uptick in block trades was $3.74 million. Downtick transaction value in block trades amounted to $21.44 million, indicating persistent selling. The uptick to downtick ratio was 0.17. U.S. Bancorp (USB) traded $0.03 higher at $39.23 gaining 0.08% over the previous days close.


U.S. Bancorp (USB) : The consensus price target for U.S. Bancorp (USB) is $46 for the short term with a standard deviation of $2.72. The most optimist securities analyst among the 14 who monitor the stock believes that the stock can reach $51, however, the pessimist price target for the company is $42. The stock has recorded a 20-day Moving Average of 3.34% and the 50-Day Moving Average is 5.34%.

U.S. Bancorp (NYSE:USB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.16 and $39.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.23, notching a gain of 0.08% for the day. The total traded volume was 5,510,582 . The stock had closed at $39.20 on the previous day.

U.S. Bancorp is a multi-state financial services holding company. The Company operates through its banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. The Company provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machines (ATM) processing, mortgage banking, insurance, brokerage and leasing. U.S. Bank National Association provides a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. Its commercial and consumer lending services are offered to customers within the Companys domestic markets, to domestic customers with foreign operations and to large national customers operating in specific industries targeted by the Company.

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