Large Inflow of Money Witnessed in Itau Unibanco Banco Holding SA

Itau Unibanco Banco Holding SA (ITUB) : Thursdays money flow indicated an uptick to downtick ratio was at 1.25. The total value of inflow transactions on upticks was $16.38 million, whereas, the total value of outflow trades on downticks was $13.15 million. The total money flow was $3.23 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $1.43 million. The total value of the trades done on upticks was $1.63 million. Downticks saw transactions worth $0.2 million. The total uptick to downtick ratio stood at 8.3, mildly in favor of the bulls. Itau Unibanco Banco Holding SA (ITUB) was trading with a -0.27% change over previous days close. It fell $0.03 during the day and reached $9.23. The stock was -3.61% compared to the previous weeks close.


Itau Unibanco Banco Holding SA (ITUB) : The highest level Itau Unibanco Banco Holding SA (ITUB) is projected to reach is $8 for the short term and the lowest estimate is at $7. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $7.5 and the possibility the share price can swing is $0.71. The stock has recorded a 20-day Moving Average of 5.61% and the 50-Day Moving Average is 5.77%.

Itau Unibanco Banco Holding SA (NYSE:ITUB): The stock opened at $9.24 on Thursday but the bulls could not build on the opening and the stock topped out at $9.45 for the day. The stock traded down to $9.21 during the day, due to lack of any buying support eventually closed down at $9.22 with a loss of -0.32% for the day. The stock had closed at $9.25 on the previous day. The total traded volume was 13,543,533 shares.

Itau Unibanco Holding S.A. (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil. It operates in four segments: Commercial Bank-Retail, which offers a range of banking services for retail individuals or clients and for companies, including services, such as asset management, investor services, insurance, private pension plans and credit cards issued to account holders; Consumer Credit-Retail, which offers financial products and services to account holders, such as vehicle financing, credit card transactions and consumer financing; Wholesale Bank, which offers wholesale products and services to large and medium-sized companies, as well as investment bank activities and The Activities with the Market and Corporation segment manages the interest income associated with ITAU UNIBANCO HOLDING capital surplus, subordinated debt surplus and the net balance of tax credits and debits.

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