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

SunTrust Banks (NYSE:STI) managed to stay afloat and traded higher with an addition of 0.03 point or 0.07% at $41.67. The money flow data is a negative $(-21.19) million with $11.22 million in upticks and $32.41 million in downticks. The intraday up/down ratio came in at 0.35. The shares have seen 0.99% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0.68 million and the combined worth of the downticks was $21.17, Million, leading to the up/down ratio of 0.03. The block trade saw a net money flow of $(-20.49) million.


The stock has recorded a 20-day Moving Average of 2.49% and the 50-Day Moving Average is 0.79%. The company shares have dropped 6.43% in the past 52 Weeks. On July 17, 2015 The shares registered one year high of $45.84 and one year low was seen on February 11, 2016 at $31.07. The 50-day moving average is $42.17 and the 200 day moving average is recorded at $39.01. S&P 500 has rallied 1.93% during the last 52-weeks.

SunTrust Banks (NYSE:STI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.79 and $41.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.67, notching a gain of 0.07% for the day. The total traded volume was 2,760,739 . The stock had closed at $41.64 on the previous day.

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 81.9% of SunTrust Banks shares. During last six month period, the net percent change held by insiders has seen a change of 0.04%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Cheriyan Anil T, officer (Corp Ex Vice Pres & CIO) of Suntrust Banks Inc, had unloaded 10,000 shares at an average price of $42 in a transaction dated on May 2, 2016. The total value of the transaction was worth $420,000.

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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