Shares of U.S. Bancorp (USB) Sees Large Outflow of Money

U.S. Bancorp (USB): The stock had negative money flow to the tune of ($5.08 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $80.04 million, whereas, the outflow of money on downticks was $85.12 million and the ratio between the two was 0.94. The block trade had a negative net money flow of ($2.78 million). The total block trade value undertaken on upticks was $51.48 million. On the other hand, downticks amounted to $54.26 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.95. U.S. Bancorp (USB) closed with marginal gains of 62 cents to end the day at $41.25, an increase of 1.51% over the previous days close. The stock recorded 2.88% for the week.


The stock has recorded a 20-day Moving Average of 2.64% and the 50-Day Moving Average is 0.18%. Shares have dropped -8.16% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $46.26 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $41.31 and the 200 Day Moving Average price is recorded at $40.80.

U.S. Bancorp (NYSE:USB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.38 and $41.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.25, notching a gain of 1.53% for the day. The total traded volume was 12,183,364 . The stock had closed at $40.63 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP and Controller) of Us Bancorp De, Gifford Craig E had sold 400 shares worth of $16,692 in a transaction dated May 18, 2016. In this transaction, 400 shares were sold at $41.73 per share.

U.S. Bancorp is a multi-state financial services holding company. The Company operates through its banking subsidiary, U.S. Bank National Association, is engaged in the general banking business in domestic markets. The Company provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machines (ATM) processing, mortgage banking, insurance, brokerage and leasing. U.S. Bank National Association provides a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. Its commercial and consumer lending services are offered to customers within the Companys domestic markets, to domestic customers with foreign operations and to large national customers operating in specific industries targeted by the Company.

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