Large Outflow of Money Witnessed in BB&T Corporation

Shares of BB&T Corporation (NYSE:BBT) traded 0.11 points or 0.31% higher at $35.67.The total intraday money flow for the shares came in at a disappointing $(-11.88) million. The total upticks amounted to $20.26 million and the total downticks were approximately $32.14 million, with the up/down ratio of 0.63. On a different note, the shares have seen -0.7% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $4.59 million in upticks and an outflow of $14.98 million in downticks. The up/down ratio for the block was found to be 0.31. The net money flow for the block transaction was $(-10.39) million.

BB&T Corporation has dropped 0.47% in the last five trading days, however, the shares have posted positive gains of 2.67% in the last 4 weeks. BB&T Corporation is up 3.96% in the last 3-month period. Year-to-Date the stock performance stands at -3.85%.

Currently the company Insiders own 0.88% of BB&T Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -33.38% . Institutional Investors own 60.63% of BB&T Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -33.38%. . On the companys insider trading activities, The director, of Bb&T Corp, Banner Jennifer S had unloaded 1,545 shares at $36.26 per share in a transaction on May 27, 2016. The total value of transaction was $56,022. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

BB&T Corporation (NYSE:BBT) rose 0.53% or 0.19 points on Friday and made its way into the gainers of the day. After trading began at $35.56 the stock was seen hitting $36 as a peak level and $35.33 as the lowest level. The stock ended up at $35.75. The daily volume was measured at 7,257,293 shares. The 52-week high of the share price is $41.9 and the 52-week low is $29.95. The company has a market cap of $27,970 million.

BB&T Corporation (BB&T) is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Bank, and other nonbank subsidiaries. BB&Ts operations are divided into six reportable business segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services and Financial Services, and Other, Treasury and Corporate. Branch Bank provides a range of banking and trust services for retail and commercial clients in its geographic markets, including small and mid-size businesses, public agencies, local governments and individuals, through 1,839 offices as of December 31, 2014. BB&Ts subsidiaries offer a range of retail and commercial services to retail and commercial clients.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.