Shares of PNC Financial Services Group (The) (PNC) Sees Large Inflow of Net Money Flow

PNC Financial Services Group (The) (PNC) : PNC Financial Services Group (The) (PNC) had a healthy money flow of $1.16 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $1.85 million, whereas, investors only sold shares worth $0.7 million on downticks. The stock closed the day with an up-down ratio of 2.66.The money flow in the block trades to the tune of $1.3 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $1.3 million worth of transactions were on upticks. PNC Financial Services Group (The) (PNC) stock slid $0.33 intraday and traded at 89.66, a change of -0.37% over previous days close. However, for the week, the company shares are 3.43% compared to previous weeks close.


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 83.33% . Institutional Investors own 80.6% of PNC Financial Services Group (The) shares. During last six month period, the net percent change held by insiders has seen a change of 108.62%.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of Pnc Financial Services Group, Inc., Hannon Michael J had sold 33,000 shares worth of $2,854,170 in a transaction dated August 8, 2016. In this transaction, 33,000 shares were sold at $86.49 per share.

PNC Financial Services Group (The) (NYSE:PNC): The stock opened at $90.09 and touched an intraday high of $90.89 on Friday. During the day, the stock corrected to an intraday low of $89.53, however, the bulls stepped in and pushed the price higher to close in the green at $90.54 with a gain of 0.61% for the day. The total traded volume for the day was 2,020,123. The stock had closed at $89.99 in the previous trading session.

PNC Financial Services Group (The) (PNC) : Traders are bullish on PNC Financial Services Group (The) (PNC) as it has outperformed the S&P 500 by a wide margin of 4.88% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.92%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.44% in the last 1 week, and is up 4.74% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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 *

Get Pre-Market Alerts!

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