Large Inflow of Money Witnessed in Invesco Plc

Invesco Plc (IVZ) : Investors lapped up stocks on upticks to the tune of $6.97 million in the Thursdays trading session. The trading value on downticks was comparatively at $4.89 million and the uptick to downtick ratio of 1.42 indicates continuous buying by the bulls. The net money flow into the stock was $2.08 million. The block trades were dominated by the bulls with a healthy 4.27, uptick to downtick ratio. Only $0.3 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $1.3 clearly indicating buying by large investors. The total money flow for block trades stood at $0.99 million, which is a positive for the stock in the long-term. Invesco Plc (IVZ) fell $0.01 during the day at $24.98, a drop of -0.04% over the previous days close. However, for the week, the stock is -1.38%, compared to the previous week.


Invesco Plc (IVZ) : 8 investment research analysts covering Invesco Plc (IVZ) have an average price target of $35.63 for the near short term. The highest target price given by the Brokerage Firm to the stock is $39 and the lowest target is $30 for the short term. Analysts expect the variance to be within $3.29 of the average price. The stock has recorded a 20-day Moving Average of 6.63% and the 50-Day Moving Average is 12.8%.

Invesco Plc (NYSE:IVZ): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.97 and $24.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.16, notching a gain of 0.68% for the day. The total traded volume was 4,623,607 . The stock had closed at $24.99 on the previous day.

Invesco Ltd. (Invesco) is an independent global investment manager. The Company delivers an array of investment capabilities and services to retail and institutional investors through its global platform. The Company has presence in the institutional and retail markets within the investment management industry in North America, the United Kingdom, Europe, the Middle East and Asia-Pacific. The Company offers a range of domestic and global institutional strategies, including traditional and quantitative equities, fixed income (including money market funds for institutional clients), real estate, private equity, financial structures and absolute return strategies. Invesco offers retail investment solutions to clients through third-party financial intermediaries, including traditional broker-dealers, fund supermarkets, retirement platforms, financial advisors, banks, insurance companies and trust companies.

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