Shares of M&T Bank Corporation (MTB) Sees Large Inflow of Net Money Flow

M&T Bank Corporation (MTB) : The money flow analysis of M&T Bank Corporation (MTB) indicates a $9.93 million of outflow was on downticks, whereas, the investors on Monday gobbled up stocks worth $16.19 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.63 and so was the total money flow at $6.26 million. The bulls lapped up $6.54 million worth of block trades on upticks. The money flow was $6.54 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of M&T Bank Corporation (MTB), pushing it down by -0.45% for the day. The stock slid $0.53 and traded at $118.53 during the day. Nonetheless, the stock is 2.23% over the previous weeks close.


M&T Bank Corporation is up 2.96% in the last 3-month period. Year-to-Date the stock performance stands at -0.95%. Shares of M&T Bank Corporation rose by 1.72% in the last five trading days and 2.09% for the last 4 weeks. In a related news,The officer (Executive Vice President) of M&T Bank Corp, Bojdak Robert J sold 1,703 shares at $117.1 on June 3, 2016. The Insider selling transaction had a total value worth of $199,421. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

M&T Bank Corporation (NYSE:MTB): On Mondays trading session , Opening price of the stock was $119.02 with an intraday high of $119.33. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $118.46. However, the stock managed to close at $118.53, a loss of 0.45% for the day. On the previous day, the stock had closed at $119.06. The total traded volume of the day was 461,420 shares.

M&T Bank Corporation (M&T) is a bank holding company for M&T Bank and Wilmington Trust, National Association (Wilmington Trust, N.A.). The Companys segments include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking. The Business Banking segment provides deposit, lending, cash management and other financial services. The Commercial Banking segment offers credit products and banking services for middle-market and commercial customers. Its Commercial Real Estate segment provides credit and deposit services. The Discretionary Portfolio segment includes investment and trading securities, loans and other assets, and borrowed funds. The Residential Mortgage Banking segment originates and services residential mortgage loans. The Retail Banking segment offers a range of services to consumers through delivery channels. It operates over 800 retail and commercial branches, and 1,600 automated teller machines.

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