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

PNC Financial Services Group (The) (PNC): The stock had negative money flow to the tune of ($7.91 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $38.26 million, whereas, the outflow of money on downticks was $46.18 million and the ratio between the two was 0.83. The block trade had a negative net money flow of ($9.16 million). The total block trade value undertaken on upticks was $3.7 million. On the other hand, downticks amounted to $12.86 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.29. PNC Financial Services Group (The) (PNC) closed with marginal gains of 85 cents to end the day at $89.4, an increase of 0.96% over the previous days close. The stock recorded -0.01% for the week.


The PNC Financial Services Group, Inc. has dropped 1.47% in the last five trading days, however, the shares have posted positive gains of 1.69% in the last 4 weeks. The PNC Financial Services Group, Inc. is up 12.04% in the last 3-month period. Year-to-Date the stock performance stands at -4.41%.

PNC Financial Services Group (The) (PNC) : 8 brokerage houses believe that PNC Financial Services Group (The) (PNC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on PNC Financial Services Group (The) (PNC). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 19 Wall Street Analysts endorse the stock as a Buy with a rating of 2.26.

PNC Financial Services Group (The) (NYSE:PNC): The stock opened at $88.87 and touched an intraday high of $89.49 on Wednesday. During the day, the stock corrected to an intraday low of $88.48, however, the bulls stepped in and pushed the price higher to close in the green at $89.41 with a gain of 0.97% for the day. The total traded volume for the day was 3,313,054. The stock had closed at $88.55 in the previous trading session.

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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