Large Inflow of Money Detected in PNC Financial Services Group (The)

PNC Financial Services Group (The) (PNC): $2.6 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.55. The value of trades done on upticks was $7.33 million, whereas, trades done on downticks were valued at $4.72 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $2.66 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $2.66 million. PNC Financial Services Group (The) (PNC) fell $0.03 traded at $82.34, a change of -0.04% over the previous day. The stock is 0.34% for the week.


Also, In a research note released to the investors, Nomura upgrades its rating on PNC Financial Services Group (The) (NYSE:PNC).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. In a recent information released to the investors, Nomura lowers the new price target from $95 per share to $84 per share. The rating by the firm was issued on July 7, 2016.

PNC Financial Services Group (The) (NYSE:PNC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $82.86 and $82.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $82.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $82.60, notching a gain of 0.28% for the day. The total traded volume was 2,463,369 . The stock had closed at $82.37 on the previous day.

The stock has recorded a 20-day Moving Average of 1.91% and the 50-Day Moving Average is 2.2%. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Pnc Financial Services Group, Inc., Bunch Charles E had purchased shares worth of $87,810 in a transaction dated on May 2, 2016. A total of 1,000 shares were purchased at a price of $87.81 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

The PNC Financial Services Group, Inc. is a diversified financial services company in the United States. The Company has businesses engaged in retail banking, corporate and institutional banking, asset management and residential mortgage banking, as well as other products and services in its primary geographic markets located in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, North Carolina, Florida, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Missouri, Georgia, Wisconsin and South Carolina. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.

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