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

J P Morgan Chase & Co (JPM) : The total money flow in J P Morgan Chase & Co (JPM) was negative ($35.21 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $140.66 million. In comparison, the inflow of money into the stock on upticks was $105.44 million. The uptick to downtick ratio was 0.75. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $56.87 million. The value of transactions on uptick was $16.68 million. The negative money flow of ($40.19 million) confirms the selling in J P Morgan Chase & Co (JPM) on strength. The uptick to downtick ratio of block trades was 0.29. J P Morgan Chase & Co (JPM) gained $0.39 at $60.58, a gain of 0.65% over the previous days close. However, the stock registered -1.11% in the week.


J P Morgan Chase & Co (JPM) : The highest level J P Morgan Chase & Co (JPM) is projected to reach is $79 for the short term and the lowest estimate is at $50. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $70.2 and the possibility the share price can swing is $7.26. The stock has recorded a 20-day Moving Average of 1.55% and the 50-Day Moving Average is 2.9%.

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 $60.52 and $60.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $61.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $60.58, notching a gain of 0.65% for the day. The total traded volume was 13,771,417 . The stock had closed at $60.19 on the previous day.

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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