Large Outflow of Money Witnessed in HSBC Holdings plc

HSBC Holdings plc (HSBC) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (2.43 million) in HSBC Holdings plc (HSBC). On Friday, The value of composite uptick trades was $3.59 million, whereas, the value of composite downtick trades was $6.02 million and the ratio between the two was 0.6, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $2.4 million. The negative money flow of ($2.4 million) shows selling on strength. HSBC Holdings plc (HSBC) gained $0.65 intraday at $38.53 and registrered 1.72% for the week.


Institutional Investors own 2.43% of HSBC Holdings plc shares.

HSBC Holdings plc (NYSE:HSBC): The stock opened at $38.51 and touched an intraday high of $38.85 on Friday. During the day, the stock corrected to an intraday low of $38.4, however, the bulls stepped in and pushed the price higher to close in the green at $38.65 with a gain of 2.03% for the day. The total traded volume for the day was 5,074,767. The stock had closed at $37.88 in the previous trading session.

HSBC Holdings plc (HSBC) : Traders are bullish on HSBC Holdings plc (HSBC) as it has outperformed the S&P 500 by a wide margin of 11.21% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.21%, 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 7.75% in the last 1 week, and is up 11.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

HSBC Holdings plc (HSBC) is the banking and financial services company. The Companys principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. The Company operates in four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). RBWM offers personal banking products and wealth management services. CMB offers a range of commercial financial services and solutions to customers ranging from small and medium-sized enterprises to publicly quoted companies. GB&M provides financial solutions to Government, corporate and institutional clients across the world. GPB offers products and services, which include private banking, investment management and private wealth solutions. It operates in Europe, Asia, Middle East and North Africa, North America and Latin America.

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