Large Outflow of Money Witnessed in Huntington Bancshares Incorporated

Huntington Bancshares Incorporated (HBAN) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (3.15 million) in Huntington Bancshares Incorporated (HBAN). On Wednesday, The value of composite uptick trades was $7.16 million, whereas, the value of composite downtick trades was $10.31 million and the ratio between the two was 0.69, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $4.29 million. $2.42 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.57. The negative money flow of ($1.86 million) shows selling on strength. Huntington Bancshares Incorporated (HBAN) gained $0.13 intraday at $9.87 and registrered 1.28% for the week.


Shares of Huntington Bancshares Incorporated rose by 1.95% in the last five trading days and 2.37% for the last 4 weeks. Huntington Bancshares Incorporated is up 17.41% in the last 3-month period. Year-to-Date the stock performance stands at -8.33%.

Huntington Bancshares Incorporated (HBAN) : Zacks Investment Research ranks Huntington Bancshares Incorporated (HBAN) as 4, which is a Sell recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 2.4, which indicates as a Buy.

Huntington Bancshares Incorporated (NASDAQ:HBAN): The stock opened at $9.91 and touched an intraday high of $9.92 on Wednesday. During the day, the stock corrected to an intraday low of $9.74, however, the bulls stepped in and pushed the price higher to close in the green at $9.92 with a gain of 1.85% for the day. The total traded volume for the day was 11,634,017. The stock had closed at $9.74 in the previous trading session.

Huntington Bancshares Incorporated (Huntington) is a diversified regional bank holding company. The Company operates through its subsidiary, The Huntington National Bank (the Bank). It provides commercial, small business, consumer and mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. It operates in five segments: Retail and Business Banking, Commercial Banking, Automobile Finance and Commercial Real Estate, Regional Banking and The Huntington Private Client Group, and Home Lending. Its loan portfolio includes commercial and industrial, commercial real estate, construction CRE, automobile, home equity, residential mortgage and consumer loans/leases. The Bank has approximately 14 private client group offices and 715 branches, including 404 in Ohio, 43 in Indiana, 179 in Michigan, 31 in West Virginia, 48 in Pennsylvania and 10 in Kentucky.

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