Regions Financial Corporation (RF) has been under a strong bear grip, hence the stock is down -3.87% 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 6.47% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.06% in the last 1 week, and is up 0.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.33% and the 50-Day Moving Average is 0.06%.
Regions Financial Corporation (NYSE:RF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.13 and $9.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.12, notching a gain of 0.44% for the day. The total traded volume was 21,362,607 . The stock had closed at $9.08 on the previous day.
The company Insiders own 0.88% of Regions Financial Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -23.56% . Institutional Investors own 74% of Regions Financial Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -11.27%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SEVP) of Regions Financial Corp, Jones Ellen S. had sold 20,000 shares worth of $192,200 in a transaction dated May 24, 2016. In this transaction, 20,000 shares were sold at $9.61 per share.
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. The Company carries out its business in three segments: Corporate Bank, Consumer Bank and Wealth Management. The Corporate Bank segment represents the Companys commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending. The Consumer Bank segment represents the Companys branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans and small business loans, among others. The Wealth Management segment offers individuals, businesses, Governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.