First Horizon National Corporation (FHN) : Traders are bullish on First Horizon National Corporation (FHN) as it has outperformed the S&P 500 by a wide margin of 2.95% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.1%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.66% in the last 1 week, and is up 7.45% 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 7.03% and the 50-Day Moving Average is 5.24%.
First Horizon National Corporation (NYSE:FHN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.58 and $14.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.57, notching a gain of 0.55% for the day. The total traded volume was 4,150,628 . The stock had closed at $14.49 on the previous day.
The company Insiders own 2.4% of First Horizon National Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.43% . Institutional Investors own 78.92% of First Horizon National Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -4.43%. In a related news, Martin R Brad, director of First Horizon National Corp had purchased 533 shares on June 10, 2016 in a transaction. The price per share was $26.12 and the total amount of the disclosed transaction was $13,922.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
First Horizon National Corporation (FHN) is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). FHN operates through four segments: regional banking, capital markets, corporate and non-strategic. As of December 31, 2014, FHNs subsidiaries had over 200 business locations in the United States and Hong Kong. As of December 31, 2014, the Bank had 182 branch locations in seven states: 168 branches in Tennessee; 2 branches in northwestern Georgia; 7 branches in northwestern Mississippi; 2 branches in North Carolina, and one branch each in Virginia, South Carolina, and Florida. At December 31, 2014, FTN Financial products and services were offered through 27 offices in total, including 26 offices in 16 states across the United States plus an office in Hong Kong.