Large Inflow of Money Detected in Huntington Bancshares Incorporated

Huntington Bancshares Incorporated (HBAN) : The money flow analysis of Huntington Bancshares Incorporated (HBAN) indicates a $6.22 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $7.44 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.2 and so was the total money flow at $1.22 million. A solid up-down ratio of 0.97 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $3.14 million worth of block trades on upticks. Only $3.26 million worth of the stock exchanged hands on downticks. The money flow was $-0.11 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Huntington Bancshares Incorporated (HBAN), pushing it down by -0.38% for the day. The stock slid $0.04 and traded at $9.24 during the day. Nonetheless, the stock is -0.27% over the previous weeks close.


Also, In the latest statement by the brokerage house, FBR Capital upgrades its outlook on Huntington Bancshares Incorporated (NASDAQ:HBAN). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Market Perform. The rating by the firm was issued on July 11, 2016.

Huntington Bancshares Incorporated (NASDAQ:HBAN): The stock opened at $9.27 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.35 for the day. The stock traded down to $9.17 during the day, due to lack of any buying support eventually closed down at $9.24 with a loss of -0.32% for the day. The stock had closed at $9.27 on the previous day. The total traded volume was 8,461,678 shares.

The stock has recorded a 20-day Moving Average of 4.01% and the 50-Day Moving Average is 3.26%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Sr. EVP of Principal Subsidiar) of Huntington Bancshares Inc/Md, Neumeyer Daniel J. had sold 9,662 shares worth of $102,514 in a transaction dated May 25, 2016. In this transaction, 9,662 shares were sold at $10.61 per share.

Huntington Bancshares Incorporated (Huntington) is a diversified regional bank holding company. The Company operates through its subsidiary, The Huntington National Bank (the Bank). It provides commercial, small business, consumer and mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. It operates in five segments: Retail and Business Banking, Commercial Banking, Automobile Finance and Commercial Real Estate, Regional Banking and The Huntington Private Client Group, and Home Lending. Its loan portfolio includes commercial and industrial, commercial real estate, construction CRE, automobile, home equity, residential mortgage and consumer loans/leases. The Bank has approximately 14 private client group offices and 715 branches, including 404 in Ohio, 43 in Indiana, 179 in Michigan, 31 in West Virginia, 48 in Pennsylvania and 10 in Kentucky.

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