PNC Financial Services Group (The) (NYSE:PNC) has tumbled 3.82% during the past week and has dropped 5.11% 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 2.66%. PNC Financial Services Group (The) (NYSE:PNC) has underperformed the index by 5.98% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
PNC Financial Services Group (The) (NYSE:PNC): The stock opened at $83.84 on Friday but the bulls could not build on the opening and the stock topped out at $84.53 for the day. The stock traded down to $82.83 during the day, due to lack of any buying support eventually closed down at $83.68 with a loss of -0.23% for the day. The stock had closed at $83.87 on the previous day. The total traded volume was 4,244,755 shares.
The company shares have dropped -13.85% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $100.52 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $87.29 and the 200 Day Moving Average price is recorded at $87.38.
On the companys insider trading activities, Bunch Charles E, director of Pnc Financial Services Group, Inc., executed a transaction worth $87,810 on May 2, 2016. A total of 1,000 shares were purchased at an average price of $87.81. 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. Raymond James downgrades its rating on PNC Financial Services Group (The) (NYSE:PNC). Analysts at the Raymond James have a current rating of Underperform on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on May 9, 2016. Currently the company Insiders own 0.57% of PNC Financial Services Group (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 128.04% . Institutional Investors own 82.68% of PNC Financial Services Group (The) shares. During last six month period, the net percent change held by insiders has seen a change of 95.97%.
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.