Regional financial stocks fell 7% last week, what to expect?

Financial Regions (NYSE: RF), a banking holding company that provides retail banking, commercial banking, mortgages and other financial services, has seen its stock drop 6.7% to $ 20 in the past five trading days . In comparison, the broad S & P500 index fell 0.3% over the same period. In addition, the company’s shares have fallen 13% in the past twenty-one trading days, compared to a 2% increase in the S & P500. On June 8, RF announced that it had reached a definitive agreement to acquire home improvement lender EnerBank USA for $ 960 million in an all-cash deal, which is expected to close in the fourth quarter of fiscal 2021. This is one of the main reasons for the recent movement in stocks.

Is the RF stock about to grow? We believe there is a 71% chance that RF stocks will rise in the next month (twenty-one days) based on our machine learning analysis of stock price trends over the past ten. years. See our analysis on The chances of increasing the financial actions of the regions for more details.

Five days: RF -6.7%, vs S & P500 -0.3%; Underperformed market

(5% probability of event)

  • Regions Financial stock decreased by 6.7% over a five-day trading period ending 6/22/2021, versus the larger market (S & P500) which fell 0.3%
  • A change of -6.7% or more over five trading days has an event probability of 5%, which has occurred 131 times out of 2,517 in the past ten years
  • Of those 131 cases, the stock saw a positive movement over the next five trading days on 70 occasions.
  • This indicates a 53% chance that the stock will rise in the next five trading days.

Ten days: RF -11%, vs S & P500 0.2%; Underperformed market

(4% probability of event)

  • Regions Financial stock decreased by 11% over the last ten trading days (two weeks), compared to the broader market decline (S & P500) of 0.2%
  • A change of -11% or more over ten trading days has an event probability of 4%, which has occurred 104 times out of 2,516 in the past ten years
  • Of these 104 cases, the stock has seen a positive movement over the next five trading days on 49 occasions.
  • This indicates a 47% probability that the stock will rise over the next ten trading days.

Twenty-one days: RF -13%, versus S & P500 2%; Underperformed market

(6% probability of event)

  • Regions Financial stock decreased by 13% over the last twenty-one trading days (one month), compared to the broader market rise (S & P500) of 2%
  • A change of -13% or more over twenty-one trading days has an event probability of 6%, which has occurred 154 times out of 2,515 in the past ten years
  • Of these 154 cases, the stock experienced a positive movement over the next twenty-one trading days on 109 occasions.
  • This indicates a 71% probability that the stock will rise over the next twenty-one trading days.

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