Shares of PNC Financial Services Group (The) (PNC) Rally 1.79%

PNC Financial Services Group (The) (PNC) has been under a strong bear grip, hence the stock is down -6.04% 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 0.29% in the past 1 week. The stock has risen by 1.79% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.94% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 1.03% and the 50-Day Moving Average is 3.02%.

PNC Financial Services Group (The) (NYSE:PNC): The stock opened at $85.03 on Friday but the bulls could not build on the opening and the stock topped out at $85.44 for the day. The stock traded down to $81.74 during the day, due to lack of any buying support eventually closed down at $82.06 with a loss of -0.97% for the day. The stock had closed at $82.86 on the previous day. The total traded volume was 4,066,478 shares.


The company Insiders own 0.57% of PNC Financial Services Group (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 128.04% . Institutional Investors own 82.81% of PNC Financial Services Group (The) shares. During last six month period, the net percent change held by insiders has seen a change of 170.26%. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Pnc Financial Services Group, Inc., Bunch Charles E had purchased shares worth of $87,810 in a transaction dated on May 2, 2016. A total of 1,000 shares were purchased at a price of $87.81 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

The PNC Financial Services Group, Inc. is a diversified financial services company in the United States. The Company has businesses engaged in retail banking, corporate and institutional banking, asset management and residential mortgage banking, as well as other products and services in its primary geographic markets located in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, North Carolina, Florida, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Missouri, Georgia, Wisconsin and South Carolina. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.

Comments (0)

Leave a Reply

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