BB&T Corporation (BBT) : Net money flow in BB&T Corporation (BBT) was negative ($2.8 million) and the inflow of money on uptick was $12.38 million, whereas, the outflow of money on downticks amounted to $15.18 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.82. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $2.36 million. The money flow in block trades was negative ($2.36). BB&T Corporation (BBT) gained $0.23 cent during the day and reached $34.69, a gain of 0.65% over the previous day.
BB&T Corporation (BBT) stock is expected to deviate a maximum of $3.59 from the average target price of $39.33 for the short term period. 16 Street Experts have initiated coverage on the stock with the most promising target being $47 and the most muted being $34. The stock has recorded a 20-day Moving Average of 1.69% and the 50-Day Moving Average is 1.22%.
BB&T Corporation (NYSE:BBT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.46 and $34.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.77, notching a gain of 0.90% for the day. The total traded volume was 3,764,562 . The stock had closed at $34.46 on the previous day.
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.