Large Outflow of Money Witnessed in KeyCorp

KeyCorp (KEY) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (1.35 million) in KeyCorp (KEY). On Wednesday, The value of composite uptick trades was $4.32 million, whereas, the value of composite downtick trades was $5.67 million and the ratio between the two was 0.76, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $0.78 million. The negative money flow of ($0.78 million) shows selling on strength. KeyCorp (KEY) gained $0.01 intraday at $12.16 and registrered 0.04% for the week.


KeyCorp. is up 13.96% in the last 3-month period. Year-to-Date the stock performance stands at -5.24%.

KeyCorp (KEY) : 16 analysts are covering KeyCorp (KEY) and their average rating on the stock is 2.22, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. KeyCorp (KEY) also receives 4 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

KeyCorp (NYSE:KEY): The stock opened at $12.18 and touched an intraday high of $12.25 on Wednesday. During the day, the stock corrected to an intraday low of $12.05, however, the bulls stepped in and pushed the price higher to close in the green at $12.24 with a gain of 0.74% for the day. The total traded volume for the day was 11,451,505. The stock had closed at $12.15 in the previous trading session.

KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association, which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Bank provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services. The Bank provides these services to individual, corporate and institutional clients. The Bank operates in two segments: Key Community Bank, which serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, credit card, and personalized wealth management products and business advisory services, and Key Corporate Bank, is a full-service corporate and investment bank focused on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate and technology.

Comments (0)

Leave a Reply

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