KeyCorp (KEY) has been under a strong bear grip, hence the stock is down -3.53% 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 3.95% 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 5.5% in the last 1 week, and is up 0.69% 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 4.31% and the 50-Day Moving Average is 1.31%.
KeyCorp (NYSE:KEY): The stock opened at $11.86 on Friday but the bulls could not build on the opening and the stock topped out at $11.91 for the day. The stock traded down to $11.64 during the day, due to lack of any buying support eventually closed down at $11.70 with a loss of -0.68% for the day. The stock had closed at $11.78 on the previous day. The total traded volume was 12,625,596 shares.
The company Insiders own 0.72% of KeyCorp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 50.39% . Institutional Investors own 83.19% of KeyCorp shares. During last six month period, the net percent change held by insiders has seen a change of 50.21%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Keycorp /New/, Cooley Charles P, had purchased 5,000 shares in a transaction dated on May 23, 2016. The transaction was executed at $12.41 per share with total amount equaling $62,050.
KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association, which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Bank provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services. The Bank provides these services to individual, corporate and institutional clients. The Bank operates in two segments: Key Community Bank, which serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, credit card, and personalized wealth management products and business advisory services, and Key Corporate Bank, is a full-service corporate and investment bank focused on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate and technology.