Shares of SunTrust Banks (NYSE:STI) Sees Large Outflow of Money

SunTrust Banks (NYSE:STI) : Money flow in the SunTrust Banks (NYSE:STI) stock was negative (21.9 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $17.02 million, compared to $38.92 million on downticks. The total uptick to downtick ratio was 0.44, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($24.38 million), indicating selling on the strength. The transaction value during uptick in block trades was $0.79 million. Downtick transaction value in block trades amounted to $25.17 million, indicating persistent selling. The uptick to downtick ratio was 0.03. SunTrust Banks (NYSE:STI) traded $0.84 higher at $40.04 gaining 2.14% over the previous days close.


In an insider trading activity,The officer (Corp Ex Vice Pres & CIO) of Suntrust Banks Inc, Cheriyan Anil T sold 10,000 shares at $42 on May 2, 2016. The Insider selling transaction had a total value worth of $420,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.67% of SunTrust Banks shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.12% . Institutional Investors own 81.91% of SunTrust Banks shares. During last six month period, the net percent change held by insiders has seen a change of 0.04%.

The company shares have dropped -10.52% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $45.84 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $42.13 and the 200 Day Moving Average price is recorded at $38.91. SunTrust Banks (NYSE:STI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.67 and $39.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.04, notching a gain of 2.14% for the day. The total traded volume was 3,831,869 . The stock had closed at $39.20 on the previous day.

Suntrust Banks, Inc. is a bank holding company and a financial holding company. Through its principal subsidiary, SunTrust Bank, the Company offers a line of financial services for consumers and businesses, including deposit, credit, mortgage banking, and trust and investment services. The Companys other subsidiaries provide asset and wealth management, securities brokerage, and capital market services. SunTrust operates the following business segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. It also operates a Corporate Other segment, which includes the management of the Companys investment securities portfolio, long-term debt, end-user derivative instruments, short-term liquidity and funding activities, balance sheet risk management, and most real estate assets. SunTrust operates primarily within Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia and the District of Columbia.

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