Shares of Pinnacle Financial Partners (PNFP) Sees Large Outflow of Money

Pinnacle Financial Partners (PNFP) : Net money flow in Pinnacle Financial Partners (PNFP) was negative ($3.61 million) and the inflow of money on uptick was $3.43 million, whereas, the outflow of money on downticks amounted to $7.04 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.49. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $3.23 million. The money flow in block trades was negative ($3.23). Pinnacle Financial Partners (PNFP) gained $1.05 cent during the day and reached $53.68, a gain of 2% over the previous day.


The stock has recorded a 20-day Moving Average of 10.05% and the 50-Day Moving Average is 10.35%. Shares have dropped -8.82% from its 1 Year high price. On Nov 9, 2015, the shares registered one year high at $57.99 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $48.92 and the 200 Day Moving Average price is recorded at $48.48.

Pinnacle Financial Partners (NASDAQ:PNFP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.48 and $53.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.69, notching a gain of 2.01% for the day. The total traded volume was 435,921 . The stock had closed at $52.63 on the previous day.

In an insider trading activity, Huddleston William H Iv, director of Pinnacle Financial Partners Inc, unloaded 2,000 shares at an average price of $50.21 on June 7, 2016. The total amount of the transaction was worth $100,420, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Pinnacle Financial Partners, Inc. (Pinnacle) is a bank holding company. Pinnacle operates through its wholly owned subsidiary, Pinnacle Bank. The Company operates as a community bank primarily in the urban markets of Nashville and Knoxville, Tennessee. As an urban community bank, Pinnacle provides the personalized service associated with small community banks, while seeking to offer the products and services, such as investments and treasury management, offered by large regional and national banks. Pinnacle Bank offers an array of convenience-centered products and services, including 24-hour telephone and internet banking, mobile banking, debit and credit cards, direct deposit, remote deposit and cash management services for small- to medium-sized businesses. In addition, Pinnacle Bank is associated with a network of automated teller machines of other financial institutions that its clients are able to use throughout Tennessee and other regions across the nation.

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.