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

SunTrust Banks (STI) : Thursdays money flow analysis of SunTrust Banks (STI) 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 $21.37 million. In comparison, the inflow of money on upticks was a meager $14.92 million. The dollar value of composite uptick trades minus the downtick trades was negative $6.45 million. The uptick to downtick ratio of 0.7 in the money flow shows weakness. The uptick block trades were valued at $0.99 million. The downtick transaction value was high at $7.06 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.14. Hence, the net money flow in the stock was negative ($6.07 million). SunTrust Banks (STI) gained $0.52 at $40.7, a change of 1.29% over the previous days close.


SunTrust Banks (STI) stock is expected to deviate a maximum of $2.73 from the average target price of $45.83 for the short term period. 20 Street Experts have initiated coverage on the stock with the most promising target being $52 and the most muted being $41. The stock has recorded a 20-day Moving Average of 0.96% and the 50-Day Moving Average is 2.41%.

SunTrust Banks (NYSE:STI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.19 and $40.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.70, notching a gain of 1.29% for the day. The total traded volume was 3,487,492 . The stock had closed at $40.18 on the previous day.

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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