Shares of SunTrust Banks (STI) Sees Large Outflow of Money

SunTrust Banks (STI) : The total money flow in SunTrust Banks (STI) was negative ($9.75 million), showing the domination of sellers in the Monday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $26.56 million. Transactions on upticks were comparatively lower at $16.8 million. The uptick to downtick ratio was 0.63. The total block trades done on upticks were valued at $0.67 million. The total block trades on downticks were valued at $9.41 million. The uptick to the downtick ratio of block trades was 0.07. The money flow during block trades was negative ($8.74 million) when the stock traded with a gain of $23 cent. SunTrust Banks (STI) was $42.07, an increase of 0.55% over the previous days close.


SunTrust Banks, Inc. has lost 1.27% in the last five trading days and dropped 3.22% in the last 4 weeks. SunTrust Banks, Inc. is up 3.05% in the last 3-month period. Year-to-Date the stock performance stands at -0.48%.

SunTrust Banks (NYSE:STI): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.03 and $41.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.10, notching a gain of 0.62% for the day. The total traded volume was 3,561,315 . The stock had closed at $41.84 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 officer (Corporate Executive Vice Pres) of Suntrust Banks Inc, Johnson Susan S had sold 1,118 shares worth of $47,403 in a transaction dated July 26, 2016. In this transaction, 1,118 shares were sold at $42.4 per share.

Suntrust Banks, Inc. is a bank holding company and a financial holding company. Through its principal subsidiary, SunTrust Bank, the Company offers a line of financial services for consumers and businesses, including deposit, credit, mortgage banking, and trust and investment services. The Companys other subsidiaries provide asset and wealth management, securities brokerage, and capital market services. SunTrust operates the following business segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. It also operates a Corporate Other segment, which includes the management of the Companys investment securities portfolio, long-term debt, end-user derivative instruments, short-term liquidity and funding activities, balance sheet risk management, and most real estate assets. SunTrust operates primarily within Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia and the District of Columbia.

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