Shares of KeyCorp (NYSE:KEY) Sees Large Outflow of Money

KeyCorp (NYSE:KEY) : The total negative money flow of $2.62 million on Wednesday indicates selling on strength. The inflow of money on upticks was $13.83 million, compared to $16.45 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.84. The negative money flow of $2.91 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $4.16 million in a block trade.The transaction value of block trade on downtick was $7.07 million. The uptick to downtick ratio was 0.59. The price action in the KeyCorp (NYSE:KEY) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $10.73 with a gain of $0.06 , a change of 0.56% over the previous days close. The stock registered -3.07% for the week.


In an insider trading activity, Cooley Charles P, director of Keycorp /New/, executed a transaction worth $62,050 on May 23, 2016. A total of 5,000 shares were purchased at an average price of $12.41. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered. Currently the company Insiders own 0.72% of KeyCorp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 50.39% . Institutional Investors own 83.22% of KeyCorp shares. During last six month period, the net percent change held by insiders has seen a change of 26.05%.

The company shares have dropped -30.31% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $15.46 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $12.12 and the 200 Day Moving Average price is recorded at $11.72. KeyCorp (NYSE:KEY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.80 and $10.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.82, notching a gain of 1.41% for the day. The total traded volume was 21,876,578 . The stock had closed at $10.67 on the previous day.

KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association, which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Bank provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services. The Bank provides these services to individual, corporate and institutional clients. The Bank operates in two segments: Key Community Bank, which serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, credit card, and personalized wealth management products and business advisory services, and Key Corporate Bank, is a full-service corporate and investment bank focused on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate and technology.

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