Regions Financial Corporation (RF) : Tuesdays money flow analysis of Regions Financial Corporation (RF) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $19.01 million. In comparison, the inflow of money on upticks was a meager $15.33 million. The dollar value of composite uptick trades minus the downtick trades was negative $3.68 million. The uptick to downtick ratio of 0.81 in the money flow shows weakness. The uptick block trades were valued at $4.38 million. The downtick transaction value was high at $5.6 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.78. Hence, the net money flow in the stock was negative ($1.22 million). Regions Financial Corporation (RF) gained $0.11 at $9.97, a change of 1.12% over the previous days close.
Also, Equity analysts at the Brokerage firm Bernstein downgrades its rating on Regions Financial Corporation (NYSE:RF). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on August 16, 2016.
Shares of Regions Financial Corporation rose by 3.1% in the last five trading days and 10.53% for the last 4 weeks. Regions Financial Corporation is up 1.07% in the last 3-month period. Year-to-Date the stock performance stands at 5.33%.
Regions Financial Corporation (NYSE:RF): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.89 and $9.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.97, notching a gain of 1.12% for the day. The total traded volume was 13,300,556 . The stock had closed at $9.86 on the previous day.
In a related news, Jones Ellen S., officer (SEVP) of Regions Financial Corp, unloaded 10,000 shares at an average price of $9.53 on August 18, 2016. The total amount of the transaction was worth $95,300, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.