Shares of Regions Financial Corporation (RF) Sees Large Outflow of Money

Regions Financial Corporation (RF) : The total money flow in Regions Financial Corporation (RF) was negative ($4.27 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 $24.1 million. Transactions on upticks were comparatively lower at $19.83 million. The uptick to downtick ratio was 0.82. The total block trades done on upticks were valued at $4.46 million. The total block trades on downticks were valued at $9.74 million. The uptick to the downtick ratio of block trades was 0.46. The money flow during block trades was negative ($5.28 million) when the stock traded with a gain of $22 cent. Regions Financial Corporation (RF) was $9.08, an increase of 2.48% over the previous days close.


The stock has recorded a 20-day Moving Average of 4.86% and the 50-Day Moving Average is 0.4%. Shares have dropped -16.14% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $10.87 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $9.14 and the 200 Day Moving Average price is recorded at $8.58.

Regions Financial Corporation (NYSE:RF): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.06 and $9.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.08, notching a gain of 2.48% for the day. The total traded volume was 20,403,434 . The stock had closed at $8.86 on the previous day.

In an insider trading activity, Jones Ellen S., officer (SEVP) of Regions Financial Corp, unloaded 20,000 shares at an average price of $9.61 on May 24, 2016. The total amount of the transaction was worth $192,200, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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.