PNC Financial Services Group (The) (PNC) Shares are Down -1.67%

PNC Financial Services Group (The) (PNC) has risen sharply, recording gains of 3.58% in the past 4 weeks. However, the stock has corrected -1.67% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.52% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.8% and the 50-Day Moving Average is 2.02%. PNC Financial Services Group (The) (NYSE:PNC): On Fridays trading session , Opening price of the stock was $84.63 with an intraday high of $85.09. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $84.6. However, the stock managed to close at $85, a loss of 0.58% for the day. On the previous day, the stock had closed at $85.5. The total traded volume of the day was 1,085,338 shares.


The company Insiders own 0.57% of PNC Financial Services Group (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 83.33% . Institutional Investors own 82.28% of PNC Financial Services Group (The) shares. During last six month period, the net percent change held by insiders has seen a change of 108.62%. Also, Brokerage firm Stephens & Co. upgrades its rating on PNC Financial Services Group (The) (NYSE:PNC). The shares have been rated Overweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by the firm was issued on August 1, 2016.

The PNC Financial Services Group, Inc. is a diversified financial services company in the United States. The Company has businesses engaged in retail banking, corporate and institutional banking, asset management and residential mortgage banking, as well as other products and services in its primary geographic markets located in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, North Carolina, Florida, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Missouri, Georgia, Wisconsin and South Carolina. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.

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