Shares of AMERIPRISE FINANCIAL SERVICES (AMP) Sees Large Inflow of Net Money Flow

AMERIPRISE FINANCIAL SERVICES (AMP) : AMERIPRISE FINANCIAL SERVICES (AMP) had a healthy money flow of $8.86 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $29.38 million, whereas, investors only sold shares worth $20.53 million on downticks. The stock closed the day with an up-down ratio of 1.43.The money flow in the block trades to the tune of $8.28 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $12.21 million worth of transactions were on upticks. A paltry $3.93 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 3.11. AMERIPRISE FINANCIAL SERVICES (AMP) stock slid $1.19 intraday and traded at 99.89, a change of -1.18% over previous days close. However, for the week, the company shares are 1.58% compared to previous weeks close.


The company Insiders own 1.4% of AMERIPRISE FINANCIAL SERVICES shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.86% . Institutional Investors own 80.45% of AMERIPRISE FINANCIAL SERVICES shares. During last six month period, the net percent change held by insiders has seen a change of -11.5%.

In a related news, Kupper Randy, officer (EVP Technology and CIO) of Ameriprise Financial Inc, unloaded 5,686 shares at an average price of $96.91 on August 9, 2016. The total amount of the transaction was worth $551,030, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

AMERIPRISE FINANCIAL SERVICES (NYSE:AMP): The stock opened at $100.36 and touched an intraday high of $101.45 on Friday. During the day, the stock corrected to an intraday low of $99.87, however, the bulls stepped in and pushed the price higher to close in the green at $101.11 with a gain of 1.22% for the day. The total traded volume for the day was 652,299. The stock had closed at $99.89 in the previous trading session.

AMERIPRISE FINANCIAL SERVICES (AMP) : Traders are bullish on AMERIPRISE FINANCIAL SERVICES (AMP) as it has outperformed the S&P 500 by a wide margin of 4.89% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.3%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.82% in the last 1 week, and is up 4.76% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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