The short interest in PNC Financial Services Group (The) (NYSE:PNC) has increased from 5,478,992 on May 31,2016 to 6,383,710 on June 15,2016. The change was measured at 904,718 shares or 16.5%. The leftover shorts were 1.3% of the floated shares. The days to cover are 3, given the average daily volume of 2,024,550 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
PNC Financial Services Group (The) (NYSE:PNC): The stock opened at $82.10 on Friday but the bulls could not build on the opening and the stock topped out at $83.37 for the day. The stock traded down to $80.93 during the day, due to lack of any buying support eventually closed down at $81.08 with a loss of -6.45% for the day. The stock had closed at $86.67 on the previous day. The total traded volume was 4,741,865 shares.
The company shares have dropped -15.24% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $100.52 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $86.91 and the 200 Day Moving Average price is recorded at $86.90.
PNC Financial Services Group (The) (NYSE:PNC) has tumbled 3.11% during the past week and has dropped 10.15% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.5%. PNC Financial Services Group (The) (NYSE:PNC) has underperformed the index by 7.43% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.