Shares of PrivateBancorp (NASDAQ:PVTB) Sees Large Outflow of Money

PrivateBancorp (NASDAQ:PVTB) : The value of composite uptick trades was $14.34 million, whereas, the value of composite downtick trades was $15.89 million. The uptick to downtick ratio stood at 0.9 with a negative money flow of ($1.55) Million during Wednesdays trading session. The block trades money flow was negative ($0.73 million).The uptick to the downtick ratio of 0.83 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $3.68 million. The transaction of the trades on downticks amounted to $4.41 million, which confirms investors selling on the strength of price. PrivateBancorp (NASDAQ:PVTB) gained 791 cents at $43.84, an increase of 22% over the previous days close.


In an insider trading activity, The officer (Pres. of Natl. Com. Banking), of Privatebancorp, Inc, Hague Bruce R. had unloaded 126,867 shares at $40.85 per share in a transaction on October 22, 2015. The total value of transaction was $5,182,517. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 3.91% of PrivateBancorp shares according to the proxy statements. Institutional Investors own 96.81% of PrivateBancorp shares.

The company shares have dropped -11.74% from its 1 Year high price. On Nov 9, 2015, the shares registered one year high at $45.79 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $41.12 and the 200 Day Moving Average price is recorded at $38.94. PrivateBancorp (NASDAQ:PVTB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.29 and $43.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.29, notching a gain of 23.27% for the day. The total traded volume was 17,216,051 . The stock had closed at $35.93 on the previous day.

PrivateBancorp, Inc. is a bank holding company. The Company provides financial services to middle market companies, as well as business owners, executives, entrepreneurs and families in all the markets and communities it serves. The Company provides a range of commercial, real estate and personal lending products and services to its clients. The Company has three operating segments: Banking, Asset Management and Holding Company activities. Its Banking segment includes commercial banking, community banking and the private banking business within private wealth. The Companys Asset Management segment includes certain activities of its PrivateWealth group, including investment management, personal trust and estate administration, custodial and escrow, retirement account administration and brokerage services. The activities of the Holding Company Activities segment include the direct and indirect ownership of its banking subsidiary, the issuance of debt and intersegment eliminations.

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