Shares of Credit Suisse Group (CS) Sees Large Inflow of Net Money Flow

Credit Suisse Group (CS) : Fridays money flow data in Credit Suisse Group (CS) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $0.73 million, whereas, $0.32 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 2.3, in favor of the bulls. The total money flow into the stock was $0.41 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0.46 million. The total value of block trades done on upticks was $0.46 million. Credit Suisse Group (CS) fell $0.01 and traded at $13.13, down -0.06% for the day, over previous days close. On a weekly basis, the shares are 6.34% over the previous weeks close.


Institutional Investors own 2.57% of Credit Suisse Group shares.

Credit Suisse Group (NYSE:CS): The stock opened at $13.15 and touched an intraday high of $13.29 on Friday. During the day, the stock corrected to an intraday low of $13.1, however, the bulls stepped in and pushed the price higher to close in the green at $13.27 with a gain of 0.99% for the day. The total traded volume for the day was 4,328,963. The stock had closed at $13.14 in the previous trading session.

Credit Suisse Group (CS) : Traders are bullish on Credit Suisse Group (CS) as it has outperformed the S&P 500 by a wide margin of 17.49% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.91%, 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 7.45% in the last 1 week, and is up 17.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients. The Private Banking & Wealth Management comprises the Wealth Management Clients, Corporate & Institutional Clients and Asset Management businesses. Asset Management offers a range of investment products and solutions across asset classes and for all investment styles, serving governments, institutions, corporations and individuals across the world. Investment Banking offers investment banking and securities products and services to corporate, institutional and government clients around the world. Its products and services include debt and equity underwriting, sales and trading, M&A advice, divestitures, corporate sales, restructuring and investment research.

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