Large Outflow of Money Witnessed in PNC Financial Services Group (The)

PNC Financial Services Group (The) (PNC) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($22.65 million) and the uptick to downtick ratio was 0.56. The transaction value on upticks was $29.15 million and on downticks, the transaction value was $51.8 million. The transaction value of block trades during downticks was $20.53 million. The money flow was negative ($20.53 million), indicating the traders were booking profit on the price strength. PNC Financial Services Group (The) (PNC) rose $1.28 at $82.34, during intraday Tuesday , a rise of 1.58% over the previous days close.


The company Insiders own 0.57% of PNC Financial Services Group (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 128.04% . Institutional Investors own 82.77% of PNC Financial Services Group (The) shares. During last six month period, the net percent change held by insiders has seen a change of 170.26%. In an insider trading activity, Bunch Charles E, director of Pnc Financial Services Group, Inc., executed a transaction worth $87,810 on May 2, 2016. A total of 1,000 shares were purchased at an average price of $87.81. 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.

Shares of The PNC Financial Services Group, Inc. appreciated by 4.45% during the last five trading days but lost 5.36% on a 4-week basis. The PNC Financial Services Group, Inc. has dropped 0.01% during the last 3-month period . Year-to-Date the stock performance stands at -12.56%.

PNC Financial Services Group (The) (NYSE:PNC): stock turned positive on Tuesday. Though the stock opened at $81.95, the bulls momentum made the stock top out at $82.629 level for the day. The stock recorded a low of $81.72 and closed the trading day at $82.34, in the green by 1.58%. The total traded volume for the day was 2,958,798. The stock had closed at $81.06 in the previous days trading.

The PNC Financial Services Group, Inc. is a diversified financial services company in the United States. The Company has businesses engaged in retail banking, corporate and institutional banking, asset management and residential mortgage banking, as well as other products and services in its primary geographic markets located in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, North Carolina, Florida, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Missouri, Georgia, Wisconsin and South Carolina. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.

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