Shares of PrivateBancorp (PVTB) Sees Large Outflow of Money

PrivateBancorp (PVTB) : The total money flow in PrivateBancorp (PVTB) was negative ($5.9 million), showing the domination of sellers in the Thursday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $10.12 million. Transactions on upticks were comparatively lower at $4.21 million. The uptick to downtick ratio was 0.42. The total block trades done on upticks were valued at $0.53 million. The total block trades on downticks were valued at $5.71 million. The uptick to the downtick ratio of block trades was 0.09. The money flow during block trades was negative ($5.18 million) when the stock traded with a gain of $3 cent. PrivateBancorp (PVTB) was $43.85, an increase of 0.07% over the previous days close.


PrivateBancorp (PVTB) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $49 and the lowest price target forecast is $38. The average forecast of all the analysts is $44 and the expected standard deviation is $3.21. The stock has recorded a 20-day Moving Average of 7.12% and the 50-Day Moving Average is 5.44%.

PrivateBancorp (NASDAQ:PVTB): The stock opened at $43.96 on Thursday but the bulls could not build on the opening and the stock topped out at $44.18 for the day. The stock traded down to $43.49 during the day, due to lack of any buying support eventually closed down at $43.64 with a loss of -0.41% for the day. The stock had closed at $43.82 on the previous day. The total traded volume was 3,502,236 shares.

PrivateBancorp, Inc. is a bank holding company. The Company provides financial services to middle market companies, as well as business owners, executives, entrepreneurs and families in all the markets and communities it serves. The Company provides a range of commercial, real estate and personal lending products and services to its clients. The Company has three operating segments: Banking, Asset Management and Holding Company activities. Its Banking segment includes commercial banking, community banking and the private banking business within private wealth. The Companys Asset Management segment includes certain activities of its PrivateWealth group, including investment management, personal trust and estate administration, custodial and escrow, retirement account administration and brokerage services. The activities of the Holding Company Activities segment include the direct and indirect ownership of its banking subsidiary, the issuance of debt and intersegment eliminations.

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