Large Outflow of Money Witnessed in Itau Unibanco Banco Holding SA

Itau Unibanco Banco Holding SA (ITUB) : Net money flow in Itau Unibanco Banco Holding SA (ITUB) was negative ($10.04 million) and the inflow of money on uptick was $26.1 million, whereas, the outflow of money on downticks amounted to $36.14 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.72. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $13.12 million. On the other hand, the total value of block trades done on downticks was $21.11 million. The ratio of uptick to downtick block trades was 0.62. The money flow in block trades was negative ($8). Itau Unibanco Banco Holding SA (ITUB) gained $0.17 cent during the day and reached $11.31, a gain of 1.53% over the previous day.


Institutional Investors own 4.82% of Itau Unibanco Banco Holding SA shares.

Itau Unibanco Banco Holding SA (NYSE:ITUB): The stock opened at $11.3 and touched an intraday high of $11.42 on Friday. During the day, the stock corrected to an intraday low of $11.26, however, the bulls stepped in and pushed the price higher to close in the green at $11.31 with a gain of 1.53% for the day. The total traded volume for the day was 21,212,984. The stock had closed at $11.14 in the previous trading session.

Itau Unibanco Banco Holding SA (ITUB) : Traders are bullish on Itau Unibanco Banco Holding SA (ITUB) as it has outperformed the S&P 500 by a wide margin of 1.94% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.58%, 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 3.1% in the last 1 week, and is up 1.8% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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