Shares of J P Morgan Chase & Co (JPM) Sees Large Outflow of Money

J P Morgan Chase & Co (JPM) : The value of composite uptick trades was $289.41 million, whereas, the value of composite downtick trades was $315.5 million. The uptick to downtick ratio stood at 0.92 with a negative money flow of ($26.09) Million during Thursdays trading session. The block trades money flow was negative ($12.31 million).The uptick to the downtick ratio of 0.76 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $38.4 million. The transaction of the trades on downticks amounted to $50.71 million, which confirms investors selling on the strength of price. J P Morgan Chase & Co (JPM) gained 96 cents at $64.12, an increase of 1.52% over the previous days close.


The stock has recorded a 20-day Moving Average of 4.69% and the 50-Day Moving Average is 2.94%. Shares have dropped -9.81% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $70.61 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $62.92 and the 200 Day Moving Average price is recorded at $60.68.

J P Morgan Chase & Co (NYSE:JPM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.74 and $64.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.12, notching a gain of 1.52% for the day. The total traded volume was 28,985,935 . The stock had closed at $63.16 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Pinto Daniel E, officer (Managing Director) of Jpmorgan Chase & Co, had unloaded 28,837 shares at an average price of $62.38 in a transaction dated on April 14, 2016. The total value of the transaction was worth $1,798,852.

JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chases activities are organized into four business segments. The Companys Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through ATMs, online, mobile and telephone banking. The Corporate & Investment Bank, comprising Banking and Markets & Investor Services, offers investment banking, market-making, prime brokerage, and treasury and securities products and services. The Commercial Banking (CB) segment delivers industry knowledge, local expertise and service to the United States and the United States multinational clients. The Asset Management segment comprises investment and wealth management. The Company also operates a Corporate segment.

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