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

PNC Financial Services Group (The) (NYSE:PNC) surged 0.07% during the last session. The last traded price was up 0.06 points at $87.06. The data for the fund flow suggests that the net intraday money flow was $(-1.9) million. The fund value in upticks was recorded to be $14.42 million and in downticks, it was found to be $16.32 million. The up/down ratio for the day was measured to be 0.88. For the week, the shares have seen a percentage change of -1.7%.A block trade of $(-2.53) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $1.74 million and that of downticks was $4.27 million. The block tradeoff had the up/down ratio of 0.41.


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%. On the companys insider trading activities, Bunch Charles E, director of Pnc Financial Services Group, Inc., had purchased 1,000 shares on May 2, 2016. The total value of the transaction was $87,810. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

PNC Financial Services Group (The) (NYSE:PNC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.66 points or 0.76% at $86.34 with 2,672,884 shares getting traded. Post opening the session at $86.72, the shares hit an intraday low of $86.34 and an intraday high of $87.624 and the price was in this range throughout the day. The company has a market cap of $43,112 million and the number of outstanding shares have been calculated to be 499,323,740 shares. The 52-week high of PNC Financial Services Group (The) (NYSE:PNC) is $100.52 and the 52-week low is $77.67.

Many analysts have stated their opinion on the company shares. Brokerage firm Raymond James downgrades its rating on PNC Financial Services Group (The) (NYSE:PNC). The shares have been rated Underperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on May 9, 2016.

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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