First Horizon Stock Falls On Unusually High Volume (FHN)
First Horizon National (NYSE:FHN) is trading at unusually high volume Friday with 7.4 million shares changing hands. It is currently at two times its average daily volume and trading down 36 cents (-3.5%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- First Horizon National (NYSE: FHN) is trading at unusually high volume Friday with 7.4 million shares changing hands. It is currently at two times its average daily volume and trading down 36 cents (-3.5%) at $9.90 as of 3:41 p.m. ET.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
First Horizon has a market cap of $2.5 billion and is part of the financial sector and banking industry. Shares are up 3.6% year to date as of the close of trading on Thursday. First Horizon National Corporation operates as a bank holding company for First Tennessee Bank National Association that provides various financial services. It offers general banking services for consumers, businesses, financial institutions, and governments. TheStreet Ratings rates First Horizon as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. You can view the full First Horizon Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.