Shares of First Hawaiian, Inc. (FHB) Sees Large Inflow of Net Money Flow

First Hawaiian, Inc. (FHB) witnessed a selling pressure and the shares last traded with a loss of -1.34 points or -4.06% at $31.65. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $10.72 million with an inflow of $66.48 million in upticks and an outflow of $55.76 million in downticks. Using the data, the up/down ratio is found to be 1.19. The share price has recorded -6.69% on a weekly basis.A block trade of $29.11 million in uptick and $21.31 million in downtick was also observed, resulting in an up/down ratio of 1.37. The net money flow of the block trade stood at a $7.8, signaling heavy buying.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

First Hawaiian, Inc. (NASDAQ:FHB) witnessed a decline in the market cap on Wednesday as its shares dropped 4.06% or 1.34 points. After the session commenced at $32.2, the stock reached the higher end at $32.3 while it hit a low of $31.5. With the volume soaring to 13,048,245 shares, the last trade was called at $31.65. The company has a 52-week high of $35.47. The company has a market cap of $4,416 million and there are 139,530,650 shares in outstanding. The 52-week low of the share price is $23.

First Hawaiian, Inc. offers banking services to consumer and commercial customers which includes deposit products, lending services and wealth management, insurance, private banking and trust services. First Hawaiian Inc. is based in San Francisco, California.

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