Shares of First Niagara Financial Group (FNFG) Rally 5.47%

First Niagara Financial Group (FNFG) has been under a strong bear grip, hence the stock is down -2.9% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.92% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.47% in the last 1 week, and is up 1.34% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.94% and the 50-Day Moving Average is 0.47%.

First Niagara Financial Group (NASDAQ:FNFG): The stock opened at $10.31 on Friday but the bulls could not build on the opening and the stock topped out at $10.39 for the day. The stock traded down to $10.20 during the day, due to lack of any buying support eventually closed down at $10.22 with a loss of -0.68% for the day. The stock had closed at $10.29 on the previous day. The total traded volume was 3,467,174 shares.


The company Insiders own 0.9% of First Niagara Financial Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.09% . Institutional Investors own 80.5% of First Niagara Financial Group shares. During last six month period, the net percent change held by insiders has seen a change of -15.09%. In a related news, The officer (Chief Information Officer), of First Niagara Financial Group Inc, Koul Inder had unloaded 238 shares at $10.6 per share in a transaction on June 2, 2016. The total value of transaction was $2,523. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

First Niagara Financial Group, Inc. is a bank holding company. The Company provides a range of retail and commercial banking, as well as other financial services through its wholly owned bank subsidiary, First Niagara Bank, N.A. (the Bank). The Bank is a nationally chartered regional bank providing financial services to individuals, families and businesses. The Bank provides its retail consumer and business customers with banking services, including residential and commercial real estate loans, commercial business loans, consumer loans, wealth management products, as well as retail and commercial deposit products. Additionally, it offers insurance services through a wholly owned subsidiary of the Bank. The Bank operates through approximately 411 branches and several financial services subsidiaries.

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