The short interest in F.N.B. Corporation (NYSE:FNB) has declined from 8,361,369 on May 31,2016 to 7,593,990 on June 15,2016. The change was measured at 767,379 shares or 9.2%. The leftover shorts were 3.7% of the floated shares. The days to cover are 8, given the average daily volume of 973,087 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
F.N.B. Corporation (NYSE:FNB): The stock opened at $12.34 on Friday but the bulls could not build on the opening and the stock topped out at $12.70 for the day. The stock traded down to $12.31 during the day, due to lack of any buying support eventually closed down at $12.31 with a loss of -7.02% for the day. The stock had closed at $13.24 on the previous day. The total traded volume was 2,729,676 shares.
The company shares have dropped -13.37% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $14.80 and the one year low was seen on Jan 26, 2016. The 50-Day Moving Average price is $12.97 and the 200 Day Moving Average price is recorded at $12.80.
F.N.B. Corporation (NYSE:FNB) has tumbled 2.38% during the past week and has dropped 8.07% 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 0.76%. F.N.B. Corporation (NYSE:FNB) has underperformed the index by 5.28% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
F.N.B. Corporation is a financial holding company. The Company has four business segments: Community Banking, Wealth Management, Insurance and Consumer Finance. The Company also operates other non-banking subsidiaries. The Companys Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual instalment loans. The Companys Wealth Management segment delivers wealth management services to individuals, corporations and retirement funds, as well as existing customers of Community Banking. The Companys Insurance segment operates principally through First National Insurance Agency, LLC (FNIA), which is a subsidiary of the Corporation. The Companys Consumer Finance segment operates through its subsidiary, Regency Finance Company.