Large Inflow of Money Witnessed in PNC Financial Services Group (The)

PNC Financial Services Group (The) (NYSE:PNC) stock had a bullish inflow of $7.39 million worth of trades on uptick and an outflow of $7.17 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.03. The net money flow into the stock was $0.22 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $1.33 million. $1.33 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, PNC Financial Services Group (The) (NYSE:PNC) stock traded down $0.04 , and reached $78.93, a drop of -0.05% over the previous day. On a weekly basis, the stock is -2.65%, over the previous weeks close.


In an insider trading activity, Bunch Charles E, director of Pnc Financial Services Group, Inc. had purchased 1,000 shares on May 2, 2016 in a transaction. The price per share was $87.81 and the total amount of the disclosed transaction was $87,810.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices. 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 82.7% 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 company shares have dropped -18.63% 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 Jun 27, 2016. The 50-Day Moving Average price is $86.52 and the 200 Day Moving Average price is recorded at $86.57. PNC Financial Services Group (The) (NYSE:PNC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $79.90 and $78.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $80.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $80.34, notching a gain of 1.73% for the day. The total traded volume was 4,596,851 . The stock had closed at $78.97 on the previous day.

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.

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