KeyCorp (NYSE:KEY) has tumbled 5.14% during the past week and has dropped 6.89% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4%. KeyCorp (NYSE:KEY) has underperformed the index by 7.74% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
KeyCorp (NYSE:KEY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.48 and $11.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.62, notching a gain of 0.78% for the day. The total traded volume was 15,680,203 . The stock had closed at $11.53 on the previous day.
The company shares have dropped -24.69% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $15.70 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $12.28 and the 200 Day Moving Average price is recorded at $11.83.
On the companys insider trading activities, Cooley Charles P, director of Keycorp /New/, executed a transaction worth $62,050 on May 23, 2016. A total of 5,000 shares were purchased at an average price of $12.41. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Morgan Stanley assumes its outlook on KeyCorp (NYSE:KEY). The current rating of the shares is Equal-weight, according to the research report released by the firm. The brokerage firm announces the price target at $13.5 per share. The rating by the firm was issued on April 12, 2016. Currently the company Insiders own 0.72% of KeyCorp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 50.39% . Institutional Investors own 83.2% of KeyCorp shares. During last six month period, the net percent change held by insiders has seen a change of 26.05%.
KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association, which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Bank provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services. The Bank provides these services to individual, corporate and institutional clients. The Bank operates in two segments: Key Community Bank, which serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, credit card, and personalized wealth management products and business advisory services, and Key Corporate Bank, is a full-service corporate and investment bank focused on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate and technology.