Large Outflow of Money Witnessed in KeyCorp

KeyCorp (KEY) : The total money flow in KeyCorp (KEY) was negative ($4.16 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $17.69 million. Transactions on upticks were comparatively lower at $13.53 million. The uptick to downtick ratio was 0.76. The total block trades done on upticks were valued at $1.58 million. The total block trades on downticks were valued at $4.07 million. The uptick to the downtick ratio of block trades was 0.39. The money flow during block trades was negative ($2.5 million) when the stock traded with a gain of $11 cent. KeyCorp (KEY) was $12.55, an increase of 0.84% over the previous days close.


The company Insiders own 0.72% of KeyCorp shares according to the proxy statements. Institutional Investors own 66.64% of KeyCorp shares. During last six month period, the net percent change held by insiders has seen a change of 50.39%.

In a related news, Cooley Charles P, director of Keycorp /New/, executed a transaction worth $62,050 on May 23, 2016. A total of 5,000 shares were purchased at an average price of $12.41. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

KeyCorp (NYSE:KEY): The stock opened at $12.5 and touched an intraday high of $12.57 on Friday. During the day, the stock corrected to an intraday low of $12.35, however, the bulls stepped in and pushed the price higher to close in the green at $12.55 with a gain of 0.88% for the day. The total traded volume for the day was 13,488,037. The stock had closed at $12.44 in the previous trading session.

KeyCorp (KEY) : Traders are bullish on KeyCorp (KEY) as it has outperformed the S&P 500 by a wide margin of 2.5% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.36%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.87% in the last 1 week, and is up 2.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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.

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