Shares of PNC Financial Services Group (The) (PNC) Sees Large Outflow of Money

PNC Financial Services Group (The) (PNC) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (9.35 million) in PNC Financial Services Group (The) (PNC). On Thursday, The value of composite uptick trades was $44.49 million, whereas, the value of composite downtick trades was $53.84 million and the ratio between the two was 0.83, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $11.48 million. $5.6 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.49. The negative money flow of ($5.89 million) shows selling on strength. PNC Financial Services Group (The) (PNC) gained $1.31 intraday at $82.86 and registrered 1.61% for the week.


The stock has recorded a 20-day Moving Average of 1.29% and the 50-Day Moving Average is 2.81%. Shares have dropped -16.37% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $100.52 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $85.04 and the 200 Day Moving Average price is recorded at $85.71.

PNC Financial Services Group (The) (NYSE:PNC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $83.41 and $82.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $83.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $82.86, notching a gain of 1.61% for the day. The total traded volume was 3,689,651 . The stock had closed at $81.55 on the previous day.

In an insider trading activity, Bunch Charles E, director of Pnc Financial Services Group, Inc., executed a transaction worth $87,810 on May 2, 2016. A total of 1,000 shares were purchased at an average price of $87.81. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. 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.

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