Large Inflow of Money Detected in PrivateBancorp

PrivateBancorp (PVTB) : PrivateBancorp (PVTB) had a healthy money flow of $10.36 million into the stock during the Thursdays trading session. The value of bullish trades on upticks was $21.95 million, whereas, investors only sold shares worth $11.58 million on downticks. The stock closed the day with an up-down ratio of 1.89.The money flow in the block trades to the tune of $11.48 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $13.28 million worth of transactions were on upticks. A paltry $1.8 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 7.37. PrivateBancorp (PVTB) stock slid $0.01 intraday and traded at 44.07, a change of -0.02% over previous days close. However, for the week, the company shares are 0.78% compared to previous weeks close.


The stock has recorded a 20-day Moving Average of 6.91% and the 50-Day Moving Average is 6.04%. Shares have rallied 7.84% from its 1 Year high price. On Nov 9, 2015, the shares registered one year high at $45.79 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $41.96 and the 200 Day Moving Average price is recorded at $39.06.

PrivateBancorp (NASDAQ:PVTB): The stock opened at $44.25 on Thursday but the bulls could not build on the opening and the stock topped out at $44.74 for the day. The stock traded down to $44.07 during the day, due to lack of any buying support eventually closed down at $44.07 with a loss of -0.02% for the day. The stock had closed at $44.08 on the previous day. The total traded volume was 4,638,138 shares.

In an insider trading activity,The officer (Pres. of Natl. Com. Banking) of Privatebancorp, Inc, Hague Bruce R. sold 126,867 shares at $40.85 on October 22, 2015. The Insider selling transaction had a total value worth of $5,182,517. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

PrivateBancorp, Inc. is a bank holding company. The Company provides financial services to middle market companies, as well as business owners, executives, entrepreneurs and families in all the markets and communities it serves. The Company provides a range of commercial, real estate and personal lending products and services to its clients. The Company has three operating segments: Banking, Asset Management and Holding Company activities. Its Banking segment includes commercial banking, community banking and the private banking business within private wealth. The Companys Asset Management segment includes certain activities of its PrivateWealth group, including investment management, personal trust and estate administration, custodial and escrow, retirement account administration and brokerage services. The activities of the Holding Company Activities segment include the direct and indirect ownership of its banking subsidiary, the issuance of debt and intersegment eliminations.

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