Large Inflow of Money Witnessed in Huntington Bancshares Incorporated

Huntington Bancshares Incorporated (NASDAQ:HBAN) : Investors lapped up stocks on upticks to the tune of $3.55 million in the Wednesdays trading session. The trading value on downticks was comparatively at $2.2 million and the uptick to downtick ratio of 1.61 indicates continuous buying by the bulls. The net money flow into the stock was $1.35 million. The block trades were dominated by the bulls with a healthy 2.08, uptick to downtick ratio. Only $0.44 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $0.92 clearly indicating buying by large investors. The total money flow for block trades stood at $0.48 million, which is a positive for the stock in the long-term. Huntington Bancshares Incorporated (NASDAQ:HBAN) fell $0.05 during the day at $8.32, a drop of -0.6% over the previous days close. However, for the week, the stock is -3.37%, compared to the previous week.


In an insider trading activity, The officer (Sr. EVP of Principal Subsidiar), of Huntington Bancshares Inc/Md, Neumeyer Daniel J. had unloaded 9,662 shares at $10.61 per share in a transaction on May 25, 2016. The total value of transaction was $102,514. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 1.65% of Huntington Bancshares Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.8% . Institutional Investors own 76.02% of Huntington Bancshares Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of 3.25%.

The company shares have dropped -27.03% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $11.90 and the one year low was seen on Jan 26, 2016. The 50-Day Moving Average price is $9.86 and the 200 Day Moving Average price is recorded at $9.69. Huntington Bancshares Incorporated (NASDAQ:HBAN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.46 and $8.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.51, notching a gain of 1.67% for the day. The total traded volume was 15,852,439 . The stock had closed at $8.37 on the previous day.

Huntington Bancshares Incorporated (Huntington) is a diversified regional bank holding company. The Company operates through its subsidiary, The Huntington National Bank (the Bank). It provides commercial, small business, consumer and mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. It operates in five segments: Retail and Business Banking, Commercial Banking, Automobile Finance and Commercial Real Estate, Regional Banking and The Huntington Private Client Group, and Home Lending. Its loan portfolio includes commercial and industrial, commercial real estate, construction CRE, automobile, home equity, residential mortgage and consumer loans/leases. The Bank has approximately 14 private client group offices and 715 branches, including 404 in Ohio, 43 in Indiana, 179 in Michigan, 31 in West Virginia, 48 in Pennsylvania and 10 in Kentucky.

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