Shares of UMB Financial Corporation (UMBF) Sees Large Outflow of Money

UMB Financial Corporation (UMBF) : Money flow in the UMB Financial Corporation (UMBF) stock was negative (7.76 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $2.59 million, compared to $10.35 million on downticks. The total uptick to downtick ratio was 0.25, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($7.6 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $7.6 million, indicating persistent selling. UMB Financial Corporation (UMBF) traded $0.66 higher at $56.06 gaining 1.19% over the previous days close.


The stock has recorded a 20-day Moving Average of 4.49% and the 50-Day Moving Average is 1.9%. Shares have dropped -4.99% from its 1 Year high price. On Jun 6, 2016, the shares registered one year high at $58.89 and the one year low was seen on Jan 15, 2016. The 50-Day Moving Average price is $55.25 and the 200 Day Moving Average price is recorded at $51.23.

UMB Financial Corporation (NASDAQ:UMBF): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.29 and $55.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.06, notching a gain of 1.19% for the day. The total traded volume was 342,305 . The stock had closed at $55.40 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 director of Umb Financial Corp, Robbins Kris A had sold 300 shares worth of $16,578 in a transaction dated June 14, 2016. In this transaction, 300 shares were sold at $55.26 per share.

UMB Financial Corporation is a financial holding company. The Companys primary banking subsidiary is UMB Bank, National Association (the Bank). The Company supplies banking services, institutional investment management, asset servicing, and payment solutions in the United States and across the world. The Company operates in four segments: Bank, Institutional Investment Management, Asset Servicing and Payment Solutions. The Bank provides banking services to commercial, retail, Government and correspondent bank customers. Institutional Investment Management segment provides equity and fixed income investment strategies. Asset Servicing segment provides services to the asset management industry for investment products, including mutual funds, alternative investments and managed accounts. Payment Solutions segment provides consumer and commercial credit and debit card, prepaid debit card solutions, healthcare services and institutional cash management.

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