Huntington Bancshares Incorporated (HBAN) has been under a strong bear grip, hence the stock is down -4.6% 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 4.63% in the past 1 week. The stock has risen by 6.19% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.43% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 4.2% and the 50-Day Moving Average is 3.36%.
Huntington Bancshares Incorporated (NASDAQ:HBAN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.31 and $9.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.26, notching a gain of 0.33% for the day. The total traded volume was 5,797,488 . The stock had closed at $9.23 on the previous day.
The company Insiders own 1.65% of Huntington Bancshares Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.8% . Institutional Investors own 76% of Huntington Bancshares Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of 3.25%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Sr. EVP of Principal Subsidiar) of Huntington Bancshares Inc/Md, Neumeyer Daniel J. had sold 9,662 shares worth of $102,514 in a transaction dated May 25, 2016. In this transaction, 9,662 shares were sold at $10.61 per share.
Huntington Bancshares Incorporated (Huntington) is a diversified regional bank holding company. The Company operates through its subsidiary, The Huntington National Bank (the Bank). It provides commercial, small business, consumer and mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. It operates in five segments: Retail and Business Banking, Commercial Banking, Automobile Finance and Commercial Real Estate, Regional Banking and The Huntington Private Client Group, and Home Lending. Its loan portfolio includes commercial and industrial, commercial real estate, construction CRE, automobile, home equity, residential mortgage and consumer loans/leases. The Bank has approximately 14 private client group offices and 715 branches, including 404 in Ohio, 43 in Indiana, 179 in Michigan, 31 in West Virginia, 48 in Pennsylvania and 10 in Kentucky.