Large Outflow of Money Witnessed in Regions Financial Corporation

Regions Financial Corporation (RF): The stock had negative money flow to the tune of ($1.7 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $5.99 million, whereas, the outflow of money on downticks was $7.69 million and the ratio between the two was 0.78. The block trade had a negative net money flow of ($1.02 million). The total block trade value undertaken on upticks was $1 million. On the other hand, downticks amounted to $2.02 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.49. Regions Financial Corporation (RF) closed with marginal gains of 5 cents to end the day at $8.99, an increase of 0.5% over the previous days close. The stock recorded -1.48% for the week.


Regions Financial Corporation (RF) : 16 investment research analysts covering Regions Financial Corporation (RF) have an average price target of $9.84 for the near short term. The highest target price given by the Brokerage Firm to the stock is $11 and the lowest target is $9 for the short term. Analysts expect the variance to be within $0.7 of the average price.

Regions Financial Corporation (NYSE:RF): stock turned positive on Friday. Though the stock opened at $8.94, the bulls momentum made the stock top out at $9.09 level for the day. The stock recorded a low of $8.91 and closed the trading day at $9.03, in the green by 1.01%. The total traded volume for the day was 19,156,862. The stock had closed at $8.94 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Jones Ellen S., officer (SEVP) of Regions Financial Corp, had unloaded 20,000 shares at an average price of $9.61 in a transaction dated on May 24, 2016. The total value of the transaction was worth $192,200.

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. The Company carries out its business in three segments: Corporate Bank, Consumer Bank and Wealth Management. The Corporate Bank segment represents the Companys commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending. The Consumer Bank segment represents the Companys branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans and small business loans, among others. The Wealth Management segment offers individuals, businesses, Governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

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