SunTrust Banks (STI) : On Friday, The money flowed into the SunTrust Banks (STI) stock with an uptick to downtick ratio was recorded at 2.04. Transactions worth $1.31 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $0.64 million. The total money flow into the stock was $0.67 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.77 million of block transactions on upticks. The total money flow in block trades was $0.77 million. In terms of price action, SunTrust Banks (STI) traded down $0.1 during the session at $43.69. Compared to the previous days closing, the stock was down only by -0.23%. For the week, the stock is 1.23%, over previous weeks closing.
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 -9.43% . Institutional Investors own 82.81% of SunTrust Banks shares. During last six month period, the net percent change held by insiders has seen a change of -0.15%.
In a related news,The officer (Corporate Executive Vice Pres) of Suntrust Banks Inc, Johnson Susan S sold 1,118 shares at $42.4 on July 26, 2016. The Insider selling transaction had a total value worth of $47,403. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
SunTrust Banks (NYSE:STI): The stock opened at $43.94 and touched an intraday high of $44.15 on Friday. During the day, the stock corrected to an intraday low of $43.64, however, the bulls stepped in and pushed the price higher to close in the green at $43.97 with a gain of 0.41% for the day. The total traded volume for the day was 2,312,095. The stock had closed at $43.79 in the previous trading session.
SunTrust Banks (STI) : Traders are bullish on SunTrust Banks (STI) as it has outperformed the S&P 500 by a wide margin of 2.63% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.37%, 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 1.88% in the last 1 week, and is up 2.49% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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.