Large Outflow of Money Witnessed in Ally Financial

Shares of Ally Financial (NYSE:ALLY) traded 0.06 points or 0.37% higher at $16.47.The total intraday money flow for the shares came in at a disappointing $(-6.12) million. The total upticks amounted to $2.64 million and the total downticks were approximately $8.76 million, with the up/down ratio of 0.3. On a different note, the shares have seen -6.1% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $5.89 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-5.89) million.

Ally Financial Inc. has lost 6.61% in the last five trading days and dropped 3.13% in the last 4 weeks. Ally Financial Inc. has dropped 11.36% during the last 3-month period . Year-to-Date the stock performance stands at -12.12%.

Currently the company Insiders own 0.07% of Ally Financial shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 3.57% . Institutional Investors own 99.78% of Ally Financial shares. During last six month period, the net percent change held by insiders has seen a change of 4.27%. . On the companys insider trading activities, Magner Marjorie, director of Ally Financial Inc., had purchased 1,000 shares on May 4, 2016. The total value of the transaction was $16,720. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Ally Financial (NYSE:ALLY) witnessed a decline in the market cap on Friday as its shares dropped 0.18% or 0.03 points. After the session commenced at $16.46, the stock reached the higher end at $16.71 while it hit a low of $16.32. With the volume soaring to 4,593,026 shares, the last trade was called at $16.38. The company has a 52-week high of $23.83. The company has a market cap of $7,924 million and there are 483,745,680 shares in outstanding. The 52-week low of the share price is $14.55.

Ally Financial Inc. is a financial holding company and a bank holding company. It is an independent, diversified financial services firm. Its banking subsidiary, Ally Bank, is an indirect wholly owned subsidiary of the Company and a franchise in the Internet, telephone, mobile and mail banking market. Dealer Financial Services, which includes the Companys Automotive Finance and Insurance operations, and Mortgage are its primary lines of business. Ally Bank offers deposit products, such as checking, savings and certificates of deposit (CDs), as well as several raise-your-rate CD terms, IRA deposit products, Popmoney person-to-person transfer service, eCheck remote deposit capture, Ally Perks debit rewards program and Mobile Banking.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *