Company Shares of First Horizon National Corporation Drops by -2.59%

First Horizon National Corporation (NYSE:FHN) has tumbled 2.59% during the past week and has dropped 4.64% 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 1.42%. First Horizon National Corporation (NYSE:FHN) has underperformed the index by 5.51% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

First Horizon National Corporation (NYSE:FHN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.45 and $13.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.56, notching a gain of 0.74% for the day. The total traded volume was 5,614,685 . The stock had closed at $13.46 on the previous day.

The company shares have dropped -13.96% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $16.35 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $14.03 and the 200 Day Moving Average price is recorded at $13.51.

On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of First Horizon National Corp, Martin R Brad had purchased shares worth of $13,922 in a transaction dated on June 10, 2016. A total of 533 shares were purchased at a price of $26.12 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Currently the company Insiders own 2.4% of First Horizon National Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.43% . Institutional Investors own 78.88% of First Horizon National Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -3.02%.

First Horizon National Corporation (FHN) is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). FHN operates through four segments: regional banking, capital markets, corporate and non-strategic. As of December 31, 2014, FHNs subsidiaries had over 200 business locations in the United States and Hong Kong. As of December 31, 2014, the Bank had 182 branch locations in seven states: 168 branches in Tennessee; 2 branches in northwestern Georgia; 7 branches in northwestern Mississippi; 2 branches in North Carolina, and one branch each in Virginia, South Carolina, and Florida. At December 31, 2014, FTN Financial products and services were offered through 27 offices in total, including 26 offices in 16 states across the United States plus an office in Hong Kong.

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