Shares of BB&T Corporation (BBT) Sees Large Outflow of Money

BB&T Corporation (BBT): The stock had negative money flow to the tune of ($5.18 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $13.4 million, whereas, the outflow of money on downticks was $18.58 million and the ratio between the two was 0.72. The block trade had a negative net money flow of ($4.98 million). The total block trade value undertaken on upticks was $0.74 million. On the other hand, downticks amounted to $5.72 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.13. BB&T Corporation (BBT) closed with marginal gains of 24 cents to end the day at $38.33, an increase of 0.63% over the previous days close. The stock recorded 0.89% for the week.


Also, Equity analysts at the Brokerage firm Baird downgrades its rating on BB&T Corporation (NYSE:BBT). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on July 11, 2016.

Shares of BB&T Corporation rose by 1.24% in the last five trading days and 5.36% for the last 4 weeks. BB&T Corporation is up 5.36% in the last 3-month period. Year-to-Date the stock performance stands at 3.91%.

BB&T Corporation (NYSE:BBT): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.19 and $38.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.33, notching a gain of 0.63% for the day. The total traded volume was 2,919,463 . The stock had closed at $38.09 on the previous day.

In a related news,The officer (Sr. Executive Vice President) of Bb&T Corp, Brown Ricky sold 73,295 shares at $38.01 on August 9, 2016. The Insider selling transaction had a total value worth of $2,785,943. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

BB&T Corporation (BB&T) is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Bank, and other nonbank subsidiaries. BB&Ts operations are divided into six reportable business segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services and Financial Services, and Other, Treasury and Corporate. Branch Bank provides a range of banking and trust services for retail and commercial clients in its geographic markets, including small and mid-size businesses, public agencies, local governments and individuals, through 1,839 offices as of December 31, 2014. BB&Ts subsidiaries offer a range of retail and commercial services to retail and commercial clients.

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