TD Ameritrade’s latest Investor Movement Index is out and suggests investors were bullish in May.
How it works: when the IMX score surges, it means investors' recent past activity has tended to a bullish stance; when the score declines, investors' recent past activity has by and large tended towards bearishness.
Related Link: TD Ameritrade's IMX Growth Hits Record High In May: Check Out Clients' Picks & Pans
TD Ameritrade’s Managing Director of Trading, Nicole Sherrod, shared a look into what the firm’s clients did over May. Facebook Inc FB remained the second most-widely held stock among TD Ameritrade clients, keeping a spot it earned in February, when it displaced General Electric Company GE. Sherrod tweeted that the firm's clients currently hold more than $4 billion in the social media giant's stock.
In February, $FB overtook $GE as the 2nd most widely held stock at TD Ameritrade.Our investors hold over $4B in $FB. pic.twitter.com/HWHRocppnL
— Nicole Sherrod (@TDANSherrod) June 7, 2016
In the latest IMX report, Sherrod added, “Facebook Inc. (FB), which has traded to new highs this year but was largely range bound during the month, was a net buy [in May]."
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.