Regions Financial Corporation (RF) : The total negative money flow of $6.99 million on Wednesday indicates selling on strength. The inflow of money on upticks was $15.08 million, compared to $22.07 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.68. The negative money flow of $5.12 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $5.83 million in a block trade.The transaction value of block trade on downtick was $10.95 million. The uptick to downtick ratio was 0.53. The price action in the Regions Financial Corporation (RF) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $8.95 with a gain of $0.07 , a change of 0.79% over the previous days close. The stock registered -1.86% for the week.
Also, Keefe Bruyette & Woods upgrades its view on Regions Financial Corporation (NYSE:RF) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Underperform. Keefe Bruyette & Woods raises the price target from $9.5 per share to $11 per share on Regions Financial Corporation. The rating by the firm was issued on June 6, 2016.
Regions Financial Corporation (NYSE:RF): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.93 and $8.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.92, notching a gain of 0.45% for the day. The total traded volume was 26,129,509 . The stock had closed at $8.88 on the previous day.
The stock has recorded a 20-day Moving Average of 3.06% and the 50-Day Moving Average is 2.17%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SEVP) of Regions Financial Corp, Jones Ellen S. had sold 20,000 shares worth of $192,200 in a transaction dated May 24, 2016. In this transaction, 20,000 shares were sold at $9.61 per share.
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.