BB&T Corporation (BBT) : Net money flow in BB&T Corporation (BBT) was negative ($5.11 million) and the inflow of money on uptick was $19.79 million, whereas, the outflow of money on downticks amounted to $24.9 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.79. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $1.94 million. The money flow in block trades was negative ($1.94). BB&T Corporation (BBT) gained $0.28 cent during the day and reached $36.87, a gain of 0.77% over the previous day.
BB&T Corporation (BBT) : The highest level BB&T Corporation (BBT) is projected to reach is $47 for the short term and the lowest estimate is at $34. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $39.2 and the possibility the share price can swing is $3.56.
BB&T Corporation (NYSE:BBT): stock turned positive on Friday. Though the stock opened at $36.53, the bulls momentum made the stock top out at $36.88 level for the day. The stock recorded a low of $36.19 and closed the trading day at $36.88, in the green by 0.79%. The total traded volume for the day was 4,436,664. The stock had closed at $36.59 in the previous days trading.
In a related news, The Securities and Exchange Commission has divulged that Banner Jennifer S, director of Bb&T Corp, had unloaded 1,545 shares at an average price of $36.26 in a transaction dated on May 27, 2016. The total value of the transaction was worth $56,022.
BB&T Corporation (BB&T) is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Bank, and other nonbank subsidiaries. BB&Ts operations are divided into six reportable business segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services and Financial Services, and Other, Treasury and Corporate. Branch Bank provides a range of banking and trust services for retail and commercial clients in its geographic markets, including small and mid-size businesses, public agencies, local governments and individuals, through 1,839 offices as of December 31, 2014. BB&Ts subsidiaries offer a range of retail and commercial services to retail and commercial clients.