Large Outflow of Money Witnessed in CNB Financial Corporation

CNB Financial Corporation (CCNE) managed to eke out gains of 1.07% in intraday trade. The share price increased by 0.25 points to $23.71. Till last observation, the net money flow was recorded at a negative $(-4.24) million. The total inflow of $0.15 million in upticks was completely overshadowed by an outflow of $4.4 million in downticks, giving the up/down ratio a value of 0.04. The shares have seen a change of -8.24% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $0 million and the composite value in downticks was $4.05 million. The resultant up/down ratio for the block exchange was 0. The block trade had a negative money flow of $(-4.05) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

CNB Financial Corporation has lost 6.95% in the last five trading days and dropped 11.33% in the last 4 weeks. CNB Financial Corporation is up 21.28% in the last 3-month period. Year-to-Date the stock performance stands at -11.33%. CNB Financial Corporation (NASDAQ:CCNE) rose 1.07% or 0.25 points on Wednesday and made its way into the gainers of the day. After trading began at $23.75 the stock was seen hitting $24.2 as a peak level and $23.37 as the lowest level. The stock ended up at $23.71. The daily volume was measured at 201,685 shares. The 52-week high of the share price is $28.43 and the 52-week low is $17.02. The company has a market cap of $343 million.

Company has reported several Insider transactions to the SEC, on Dec 19, 2016, Nicholas N. Jr. Scott (director) purchased 49 shares at 27.50 per share price.On Dec 12, 2016, Jeffrey S Powell (director) sold 66,503 shares at 24.66 per share price.On May 27, 2016, Joseph B Jr Bower (CEO) purchased 850 shares at 17.81 per share price.

CNB Financial Corporation is a bank holding company headquartered in Clearfield, PA. It conducts business principally through County National Bank whose market area includes twenty convenient office locations in Pennsylvania.


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