Large Outflow of Money Witnessed in Huntington Bancshares Incorporated

Huntington Bancshares Incorporated (HBAN) : The value of composite uptick trades was $2.08 million, whereas, the value of composite downtick trades was $3.76 million. The uptick to downtick ratio stood at 0.55 with a negative money flow of ($1.68) Million during Fridays trading session. The block trades money flow was negative ($1.55 million).The uptick to the downtick ratio of 0.27 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $0.57 million. The transaction of the trades on downticks amounted to $2.11 million, which confirms investors selling on the strength of price. Huntington Bancshares Incorporated (HBAN) gained 2 cents at $9.18, an increase of 0.16% over the previous days close.


Huntington Bancshares Incorporated (HBAN) : 16 Wall Street analysts covering Huntington Bancshares Incorporated (HBAN) believe that the average level the stock could reach for the short term is $10.72. The maximum price target given is $12 and the minimum target for short term is around $9, hence the standard deviation is calculated at $0.91.

Huntington Bancshares Incorporated (NASDAQ:HBAN): stock turned positive on Friday. Though the stock opened at $9.1, the bulls momentum made the stock top out at $9.3 level for the day. The stock recorded a low of $9.1 and closed the trading day at $9.28, in the green by 1.31%. The total traded volume for the day was 6,191,956. The stock had closed at $9.16 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Neumeyer Daniel J., officer (Sr. EVP of Principal Subsidiar) of Huntington Bancshares Inc/Md, had unloaded 9,662 shares at an average price of $10.61 in a transaction dated on May 25, 2016. The total value of the transaction was worth $102,514.

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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