Shares of First Niagara Financial Group (FNFG) Sees Large Inflow of Net Money Flow

First Niagara Financial Group (FNFG) : Mondays money flow data in First Niagara Financial Group (FNFG) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $2.31 million, whereas, $1.4 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.65, in favor of the bulls. The total money flow into the stock was $0.91 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $1.22 million. The total value of block trades done on upticks was $1.53 million. The value of bearish trades on downticks was only $0.31 million.The up/down ratio in the block trades was a healthy 4.94 in favor of the bulls, suggesting strong buying in the stock by large traders. First Niagara Financial Group (FNFG) fell $0.01 and traded at $10.22, down -0.05% for the day, over previous days close. On a weekly basis, the shares are 5.42% over the previous weeks close.


First Niagara Financial Group Inc. is up 1.45% in the last 3-month period. Year-to-Date the stock performance stands at -3.81%. Shares of First Niagara Financial Group Inc. rose by 4.26% in the last five trading days and 2.6% for the last 4 weeks. In a related news, The officer (Chief Information Officer), of First Niagara Financial Group Inc, Koul Inder had unloaded 238 shares at $10.6 per share in a transaction on June 2, 2016. The total value of transaction was $2,523. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

First Niagara Financial Group (NASDAQ:FNFG): stock turned positive on Monday. Though the stock opened at $10.18, the bulls momentum made the stock top out at $10.27 level for the day. The stock recorded a low of $10.18 and closed the trading day at $10.27, in the green by 0.49%. The total traded volume for the day was 4,656,909. The stock had closed at $10.22 in the previous days trading.

First Niagara Financial Group, Inc. is a bank holding company. The Company provides a range of retail and commercial banking, as well as other financial services through its wholly owned bank subsidiary, First Niagara Bank, N.A. (the Bank). The Bank is a nationally chartered regional bank providing financial services to individuals, families and businesses. The Bank provides its retail consumer and business customers with banking services, including residential and commercial real estate loans, commercial business loans, consumer loans, wealth management products, as well as retail and commercial deposit products. Additionally, it offers insurance services through a wholly owned subsidiary of the Bank. The Bank operates through approximately 411 branches and several financial services subsidiaries.

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