KeyCorp (KEY) Dips 2.58%

KeyCorp (KEY) Dips 2.58%

Among the S&P 500’s biggest fallers on Tuesday October 01 was KeyCorp (KEY). The stock experienced a 2.58% decline to $17.38 with 7.92 million shares changing hands.

KeyCorp started at an opening price of 18.00 and hit a high of $18.04 and a low of $17.33. Ultimately, the stock took a hit and finished the day at $0.46 per share. KeyCorp trades an average of n/a shares a day out of a total 1 billion shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. KeyCorp hit a high of $20.74 and a low of $13.66 over the last year.

With assets over $130 billion, Ohio-based KeyCorp’s bank footprint spans 16 states, but it is predominantly concentrated in its two largest markets: Ohio and New York. KeyCorp is primarily focused on serving middle-market commercial clients through a hybrid community/corporate bank model.

With its headquarters located in Cleveland, OH, KeyCorp employs 17,206 people. After today’s trading, the company’s market cap has fallen to $17.44 billion, a P/S of n/a, a P/B of 1.16, and a P/FCF of n/a.

For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

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