Shares of BB&T Corporation (BBT) Rally 4.4%

BB&T Corporation (BBT) has been under a strong bear grip, hence the stock is down -1.45% 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 2.86% 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 4.4% in the last 1 week, and is up 2.85% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.18% and the 50-Day Moving Average is 4.33%.

BB&T Corporation (NYSE:BBT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.96 and $36.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.77, notching a gain of 0.27% for the day. The total traded volume was 4,390,426 . The stock had closed at $36.67 on the previous day.


The company Insiders own 0.88% of BB&T Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -34.27% . Institutional Investors own 60.6% of BB&T Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -33.38%. In a related news, Banner Jennifer S, director of Bb&T Corp, unloaded 1,545 shares at an average price of $36.26 on May 27, 2016. The total amount of the transaction was worth $56,022, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

BB&T Corporation (BB&T) is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Bank, and other nonbank subsidiaries. BB&Ts operations are divided into six reportable business segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services and Financial Services, and Other, Treasury and Corporate. Branch Bank provides a range of banking and trust services for retail and commercial clients in its geographic markets, including small and mid-size businesses, public agencies, local governments and individuals, through 1,839 offices as of December 31, 2014. BB&Ts subsidiaries offer a range of retail and commercial services to retail and commercial clients.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.