KeyCorp (KEY) : The total money flow in KeyCorp (KEY) was negative ($1.19 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $14.11 million. In comparison, the inflow of money into the stock on upticks was $12.92 million. The uptick to downtick ratio was 0.92. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $1.77 million. The value of transactions on uptick was $0.77 million. The negative money flow of ($1 million) confirms the selling in KeyCorp (KEY) on strength. The uptick to downtick ratio of block trades was 0.43. KeyCorp (KEY) gained $0.16 at $12.48, a gain of 1.26% over the previous days close. However, the stock registered 1.26% in the week.
Also, Major Brokerage house, Citigroup maintains its ratings on KeyCorp (NYSE:KEY). In the latest research report, Citigroup raises the target price from $14 per share to $15 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 22, 2016.
Shares of KeyCorp. rose by 2.88% in the last five trading days and 8.8% for the last 4 weeks. KeyCorp. has dropped 2.39% during the last 3-month period . Year-to-Date the stock performance stands at -3.3%.
KeyCorp (NYSE:KEY): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.35 and $12.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.49, notching a gain of 1.38% for the day. The total traded volume was 10,910,021 . The stock had closed at $12.32 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Keycorp /New/, Cooley Charles P, had purchased 5,000 shares in a transaction dated on May 23, 2016. The transaction was executed at $12.41 per share with total amount equaling $62,050.
KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association, which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Bank provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services. The Bank provides these services to individual, corporate and institutional clients. The Bank operates in two segments: Key Community Bank, which serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, credit card, and personalized wealth management products and business advisory services, and Key Corporate Bank, is a full-service corporate and investment bank focused on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate and technology.