Large Outflow of Money Witnessed in M&T Bank Corporation

M&T Bank Corporation (MTB) : Net money flow in M&T Bank Corporation (MTB) was negative ($4 million) and the inflow of money on uptick was $9.82 million, whereas, the outflow of money on downticks amounted to $13.82 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.71. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $3.27 million. On the other hand, the total value of block trades done on downticks was $8.96 million. The ratio of uptick to downtick block trades was 0.37. The money flow in block trades was negative ($5.68). M&T Bank Corporation (MTB) gained $1.17 cent during the day and reached $117.7, a gain of 1% over the previous day.


The company Insiders own 3.63% of M&T Bank Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -22.2% . Institutional Investors own 79.81% of M&T Bank Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -22.2%. In an insider trading activity, The Securities and Exchange Commission has divulged that Bojdak Robert J, officer (Executive Vice President) of M&T Bank Corp, had unloaded 1,703 shares at an average price of $117.1 in a transaction dated on June 3, 2016. The total value of the transaction was worth $199,421.

Shares of M&T Bank Corporation rose by 4.63% in the last five trading days and 0.47% for the last 4 weeks. M&T Bank Corporation is up 6.6% in the last 3-month period. Year-to-Date the stock performance stands at -1.31%.

M&T Bank Corporation (NYSE:MTB): stock turned positive on Tuesday. Though the stock opened at $117.11, the bulls momentum made the stock top out at $118.68 level for the day. The stock recorded a low of $117.11 and closed the trading day at $118.1, in the green by 1.35%. The total traded volume for the day was 1,011,799. The stock had closed at $116.53 in the previous days trading.

M&T Bank Corporation (M&T) is a bank holding company for M&T Bank and Wilmington Trust, National Association (Wilmington Trust, N.A.). The Companys segments include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking. The Business Banking segment provides deposit, lending, cash management and other financial services. The Commercial Banking segment offers credit products and banking services for middle-market and commercial customers. Its Commercial Real Estate segment provides credit and deposit services. The Discretionary Portfolio segment includes investment and trading securities, loans and other assets, and borrowed funds. The Residential Mortgage Banking segment originates and services residential mortgage loans. The Retail Banking segment offers a range of services to consumers through delivery channels. It operates over 800 retail and commercial branches, and 1,600 automated teller machines.

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