Shares of SunTrust Banks (STI) Sees Large Outflow of Money

SunTrust Banks (STI) : The value of composite uptick trades was $24.48 million, whereas, the value of composite downtick trades was $28.84 million. The uptick to downtick ratio stood at 0.85 with a negative money flow of ($4.36) Million during Thursdays trading session. The block trades money flow was negative ($5.48 million).The uptick to the downtick ratio of 0.34 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $2.76 million. The transaction of the trades on downticks amounted to $8.24 million, which confirms investors selling on the strength of price. SunTrust Banks (STI) gained 111 cents at $43.85, an increase of 2.6% over the previous days close.


The stock has recorded a 20-day Moving Average of 7.01% and the 50-Day Moving Average is 5.18%. Shares have dropped -6.46% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $45.84 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $41.91 and the 200 Day Moving Average price is recorded at $38.74.

SunTrust Banks (NYSE:STI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.89 and $43.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.86, notching a gain of 2.62% for the day. The total traded volume was 4,680,569 . The stock had closed at $42.74 on the previous day.

In an insider trading activity, Cheriyan Anil T, officer (Corp Ex Vice Pres & CIO) of Suntrust Banks Inc, unloaded 10,000 shares at an average price of $42 on May 2, 2016. The total amount of the transaction was worth $420,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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