Large Inflow of Money Witnessed in FirstMerit Corporation

FirstMerit Corporation (FMER) : Investors lapped up stocks on upticks to the tune of $4.5 million in the Thursdays trading session. The trading value on downticks was comparatively at $1.36 million and the uptick to downtick ratio of 3.31 indicates continuous buying by the bulls. The net money flow into the stock was $3.14 million. Upticks saw transactions worth $2.98 clearly indicating buying by large investors. The total money flow for block trades stood at $2.98 million, which is a positive for the stock in the long-term. FirstMerit Corporation (FMER) fell $0.04 during the day at $19.52, a drop of -0.18% over the previous days close. However, for the week, the stock is -2.84%, compared to the previous week.


FirstMerit Corporation (FMER) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $25 and the lowest price target forecast is $18. The average forecast of all the analysts is $20.63 and the expected standard deviation is $2.66. The stock has recorded a 20-day Moving Average of 4.48% and the 50-Day Moving Average is 8.62%.

FirstMerit Corporation (NASDAQ:FMER): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.59 and $19.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.70, notching a gain of 0.74% for the day. The total traded volume was 1,136,270 . The stock had closed at $19.56 on the previous day.

FirstMerit Corporation is a bank holding company. The Companys business consists of owning and supervising its affiliates. The Company operates primarily through the Bank and its other subsidiaries, providing a range of banking, fiduciary, financial, insurance and investment services to corporate, institutional and individual customers. It operates in four segments: Commercial, Retail, Wealth and Other. The Commercial segment provides a range of lending, depository, and related financial services. The Retail segment includes consumer lending and deposit gathering, residential mortgage loan origination and servicing, and branch-based small business banking. The Wealth segment offers an array of asset management, private banking, financial planning, estate settlement and administration, credit and deposit products and services. The Other segment includes activities of the parent company, eliminations companies, community development operations and the treasury group.

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