PNC Financial Services Group (The) (PNC) has risen sharply, recording gains of 2.13% in the past 4 weeks. However, the stock has corrected -0.22% in the past 1 week, providing a good buying opportunity on dips. PNC Financial Services Group (The) (PNC) : During the past 4 weeks, traders have been relatively bearish on PNC Financial Services Group (The) (PNC), hence the stock is down -1.19% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.15% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 1.43% and the 50-Day Moving Average is 1.75%. The PNC Financial Services Group, Inc. has dropped 5.21% during the last 3-month period . Year-to-Date the stock performance stands at -11.64%.
PNC Financial Services Group (The) (NYSE:PNC): On Fridays trading session , Opening price of the stock was $82.71 with an intraday high of $83.32. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $82.65. However, the stock managed to close at $82.65, a loss of 0.45% for the day. On the previous day, the stock had closed at $83.02. The total traded volume of the day was 2,374,572 shares.
Also, Equity analysts at the Brokerage firm Barclays maintains its rating on PNC Financial Services Group (The) (NYSE:PNC). The rating major has initiated the coverage with equalweight rating on the shares. The Analysts at Barclays lowers the price target from $100 per share to $97 per share. The rating by the firm was issued on July 18, 2016.
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.