Shares of M&T Bank Corporation (MTB) Sees Large Outflow of Money

M&T Bank Corporation (MTB) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($2.5 million) and the uptick to downtick ratio was 0.84. The transaction value on upticks was $13.16 million and on downticks, the transaction value was $15.66 million. The transaction value of block trades during downticks was $1.49 million. The money flow was negative ($1.49 million), indicating the traders were booking profit on the price strength. M&T Bank Corporation (MTB) rose $0.51 at $113.93, during intraday Thursday , a rise of 0.45% over the previous days close.


M&T Bank Corporation (MTB) : 14 Wall Street analysts covering M&T Bank Corporation (MTB) believe that the average level the stock could reach for the short term is $122.14. The maximum price target given is $130 and the minimum target for short term is around $115, hence the standard deviation is calculated at $4.45. The stock has recorded a 20-day Moving Average of 1.5% and the 50-Day Moving Average is 1.8%.

M&T Bank Corporation (NYSE:MTB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $115.86 and $113.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $115.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $114.20, notching a gain of 0.69% for the day. The total traded volume was 625,942 . The stock had closed at $113.42 on the previous day.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.