Large Inflow of Money Witnessed in PNC Financial Services Group (The)

PNC Financial Services Group (The) (PNC) : Investors lapped up stocks on upticks to the tune of $66.69 million in the Thursdays trading session. The trading value on downticks was comparatively at $43.61 million and the uptick to downtick ratio of 1.53 indicates continuous buying by the bulls. The net money flow into the stock was $23.08 million. Upticks saw transactions worth $26.11 clearly indicating buying by large investors. The total money flow for block trades stood at $26.11 million, which is a positive for the stock in the long-term. PNC Financial Services Group (The) (PNC) fell $0.16 during the day at $79.22, a drop of -0.2% over the previous days close. However, for the week, the stock is -2.11%, compared to the previous week.


PNC Financial Services Group (The) (PNC) has been rated by 12 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $105 and the lowest price target forecast is $88. The average forecast of all the analysts is $97.54 and the expected standard deviation is $4.68. The stock has recorded a 20-day Moving Average of 4.58% and the 50-Day Moving Average is 7.55%.

PNC Financial Services Group (The) (NYSE:PNC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $79.78 and $78.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $80.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.49, notching a gain of 0.14% for the day. The total traded volume was 5,437,275 . The stock had closed at $79.38 on the previous day.

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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