Large Inflow of Money Detected in M&T Bank Corporation

M&T Bank Corporation (MTB): $3.64 million was the positive money flow into the stock on Tuesday and the up/down ratio of ticks was also in favor of the bulls at 1.13. The value of trades done on upticks was $32.66 million, whereas, trades done on downticks were valued at $29.02 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $0.1 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $0 million. M&T Bank Corporation (MTB) fell $0.01 traded at $117.5, a change of -0.01% over the previous day. The stock is -0.17% for the week.


Also, Equity analysts at the Brokerage firm Morgan Stanley maintains its rating on M&T Bank Corporation (NYSE:MTB). The rating major has initiated the coverage with equal-weight rating on the shares. The Analysts at Morgan Stanley lowers the price target from $122 per share to $118 per share. The rating by the firm was issued on August 1, 2016.

M&T Bank Corporation has dropped 0.05% in the last five trading days, however, the shares have posted positive gains of 4.58% in the last 4 weeks. M&T Bank Corporation has dropped 1.11% during the last 3-month period . Year-to-Date the stock performance stands at -1.43%.

M&T Bank Corporation (NYSE:MTB): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $117.84 and $116.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $118.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $117.95, notching a gain of 0.37% for the day. The total traded volume was 1,641,407 . The stock had closed at $117.51 on the previous day.

In a related news,The officer (Executive Vice President) of M&T Bank Corp, Todaro Michael J. sold 1,700 shares at $117.57 on August 9, 2016. The Insider selling transaction had a total value worth of $199,869. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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