Large Inflow of Money Witnessed in FirstMerit Corporation

FirstMerit Corporation (NASDAQ:FMER) : On Wednesday, The money flowed into the FirstMerit Corporation (NASDAQ:FMER) stock with an uptick to downtick ratio was recorded at 3.58. Transactions worth $1.26 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $0.35 million. The total money flow into the stock was $0.91 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.78 million of block transactions on upticks. The total money flow in block trades was $0.78 million. In terms of price action, FirstMerit Corporation (NASDAQ:FMER) traded down $0.05 during the session at $19.18. Compared to the previous days closing, the stock was down only by -0.26%. For the week, the stock is -2.94%, over previous weeks closing.


In an insider trading activity, The Securities and Exchange Commission has divulged that Langer Carlton E, officer (EVP, Chief Legal Officer, Secy) of Firstmerit Corp /Oh/, had unloaded 1,000 shares at an average price of $20.67 in a transaction dated on November 20, 2015. The total value of the transaction was worth $20,670. Currently the company Insiders own 1.5% of FirstMerit Corporation shares according to the proxy statements. Institutional Investors own 75.43% of FirstMerit Corporation shares.

The company shares have dropped -8.21% from its 1 Year high price. On May 25, 2016, the shares registered one year high at $23.15 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $21.77 and the 200 Day Moving Average price is recorded at $20.39. FirstMerit Corporation (NASDAQ:FMER): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.47 and $19.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.45, notching a gain of 1.14% for the day. The total traded volume was 1,270,918 . The stock had closed at $19.23 on the previous day.

FirstMerit Corporation is a bank holding company. The Companys business consists of owning and supervising its affiliates. The Company operates primarily through the Bank and its other subsidiaries, providing a range of banking, fiduciary, financial, insurance and investment services to corporate, institutional and individual customers. It operates in four segments: Commercial, Retail, Wealth and Other. The Commercial segment provides a range of lending, depository, and related financial services. The Retail segment includes consumer lending and deposit gathering, residential mortgage loan origination and servicing, and branch-based small business banking. The Wealth segment offers an array of asset management, private banking, financial planning, estate settlement and administration, credit and deposit products and services. The Other segment includes activities of the parent company, eliminations companies, community development operations and the treasury group.

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