SunTrust Banks (STI) : Traders are bullish on SunTrust Banks (STI) as it has outperformed the S&P 500 by a wide margin of 1.01% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.42%, 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 4.97% in the last 1 week, and is up 5.43% 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 5.76% and the 50-Day Moving Average is 4.19%.
SunTrust Banks (NYSE:STI): The stock opened at $43.99 on Friday but the bulls could not build on the opening and the stock topped out at $44.19 for the day. The stock traded down to $43.35 during the day, due to lack of any buying support eventually closed down at $43.50 with a loss of -0.82% for the day. The stock had closed at $43.86 on the previous day. The total traded volume was 5,892,418 shares.
The company Insiders own 0.67% of SunTrust Banks shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.12% . Institutional Investors own 81.8% of SunTrust Banks shares. During last six month period, the net percent change held by insiders has seen a change of -0.02%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Corp Ex Vice Pres & CIO) of Suntrust Banks Inc, Cheriyan Anil T had sold 10,000 shares worth of $420,000 in a transaction dated May 2, 2016. In this transaction, 10,000 shares were sold at $42 per share.
Suntrust Banks, Inc. is a bank holding company and a financial holding company. Through its principal subsidiary, SunTrust Bank, the Company offers a line of financial services for consumers and businesses, including deposit, credit, mortgage banking, and trust and investment services. The Companys other subsidiaries provide asset and wealth management, securities brokerage, and capital market services. SunTrust operates the following business segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. It also operates a Corporate Other segment, which includes the management of the Companys investment securities portfolio, long-term debt, end-user derivative instruments, short-term liquidity and funding activities, balance sheet risk management, and most real estate assets. SunTrust operates primarily within Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia and the District of Columbia.