Regions Financial Corporation (NYSE:RF) shares shows a continuous decline


Dallas, Texas 08/22/2013 (Financialstrend) – There had been continuous decline in shares prices of  Regions Financial Corporation (NYSE:RF) in the recent days of trading and it could be observed that the stock had lost around 3.81% in the past one month of trading. It had recently been announced that the company had been successful at securing a new sponsorship contract with the College Football Hall of Fame. Under this contract, the company would serve to be the only banking sponsor to the College Football event and further, the company would be able to provide services related to the financial education at the event.

It is expected that such a sponsorship agreement would prove highly valuable for Regions Financial Corporation (NYSE:RF) to provide wide range of promotional and developmental opportunities to the company. It had been commented by the officials at the company that such sponsorship contract for the College Football event proves quite natural considering the 20 year long relationship that the company had been maintaining with the South Eastern Conference and other partnerships related to such collegiate affiliations.

Shares of Regions Financial Corporation (NYSE:RF) were observed to have presented significant loss of 0.20% on Wednesday to close the trading session at $9.84 per share. Further it was noted that the intraday prices for the stock had been fluctuating in the range of $9.72 to $9.98 per share. The stock had proved effective to attract around 18.02 million trades in its shares on Wednesday, while the average volume of trading for this stock is at 16.33 million shares. The stock had moved through the past 52 weeks of trading to record the lowest price at $6.18 and highest price at $10.52 per share. The company presently holds around 1.40 billion shares being traded in the markets with a market cap of $13.74 billion.