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

PNC Financial Services Group (The) (PNC) : Mondays money flow indicated an uptick to downtick ratio was at 1.7. The total value of inflow transactions on upticks was $23.99 million, whereas, the total value of outflow trades on downticks was $14.12 million. The total money flow was $9.87 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $8.14 million. The total value of the trades done on upticks was $9.55 million. Downticks saw transactions worth $1.41 million. The total uptick to downtick ratio stood at 6.78, mildly in favor of the bulls. PNC Financial Services Group (The) (PNC) was trading with a -0.58% change over previous days close. It fell $0.5 during the day and reached $85. The stock was -1.67% compared to the previous weeks close.


The PNC Financial Services Group, Inc. has dropped 0.99% in the last five trading days, however, the shares have posted positive gains of 4.35% in the last 4 weeks. The PNC Financial Services Group, Inc. is up 0.89% in the last 3-month period. Year-to-Date the stock performance stands at -8.45%.

PNC Financial Services Group (The) (NYSE:PNC): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $85.08 and $85.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $85.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $85.63, notching a gain of 0.74% for the day. The total traded volume was 1,862,626 . The stock had closed at $85.00 on the previous day.

In a related news, The officer (Executive Vice President), of Pnc Financial Services Group, Inc., Hannon Michael J had unloaded 33,000 shares at $86.49 per share in a transaction on August 8, 2016. The total value of transaction was $2,854,170. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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