Large Outflow of Money Witnessed in KeyCorp

KeyCorp (KEY) : Net money flow in KeyCorp (KEY) was negative ($6.13 million) and the inflow of money on uptick was $16.22 million, whereas, the outflow of money on downticks amounted to $22.34 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 0.73. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $4.66 million. On the other hand, the total value of block trades done on downticks was $6.59 million. The ratio of uptick to downtick block trades was 0.71. The money flow in block trades was negative ($1.93). KeyCorp (KEY) gained $0.12 cent during the day and reached $11.8, a gain of 1.03% over the previous day.


KeyCorp (KEY) has been rated by 13 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $16 and the lowest price target forecast is $12. The average forecast of all the analysts is $13.89 and the expected standard deviation is $1.24.

KeyCorp (NYSE:KEY): stock turned positive on Friday. Though the stock opened at $11.72, the bulls momentum made the stock top out at $11.83 level for the day. The stock recorded a low of $11.62 and closed the trading day at $11.81, in the green by 1.11%. The total traded volume for the day was 11,517,901. The stock had closed at $11.68 in the previous days trading.

In a related news, Cooley Charles P, director of Keycorp /New/, executed a transaction worth $62,050 on May 23, 2016. A total of 5,000 shares were purchased at an average price of $12.41. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association, which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Bank provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services. The Bank provides these services to individual, corporate and institutional clients. The Bank operates in two segments: Key Community Bank, which serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, credit card, and personalized wealth management products and business advisory services, and Key Corporate Bank, is a full-service corporate and investment bank focused on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate and technology.

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