PNC Financial Services Group (The) (PNC) has been under a strong bear grip, hence the stock is down -4.31% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.32% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.94% in the last 1 week, and is up 2.16% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
PNC Financial Services Group (The) (NYSE:PNC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $82.59 and $82.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $83.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $82.83, notching a gain of 0.46% for the day. The total traded volume was 2,069,456 . The stock had closed at $82.45 on the previous day.
The stock has recorded a 20-day Moving Average of 2.39% and the 50-Day Moving Average is 1.8%. The PNC Financial Services Group, Inc. has dropped 5.34% during the last 3-month period . Year-to-Date the stock performance stands at -11.44%.
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.