Yadkin Financial Corporation (YDKN) has risen sharply, recording gains of 6.01% in the past 4 weeks. However, the stock has corrected -3.02% in the past 1 week, providing a good buying opportunity on dips. Yadkin Financial Corporation (YDKN) : During the past 4 weeks, traders have been relatively bearish on Yadkin Financial Corporation (YDKN), hence the stock is down -0.7% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.61% relative to the S&P 500.
Yadkin Financial Corporation (NYSE:YDKN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.79 and $24.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.40, notching a gain of 1.60% for the day. The total traded volume was 1,842,431 . The stock had closed at $25.00 on the previous day.
The stock has recorded a 20-day Moving Average of 0.34% and the 50-Day Moving Average is 0.68%. Yadkin Financial Corporation is up 1.24% in the last 3-month period. Year-to-Date the stock performance stands at 4.19%.
Yadkin Financial Corporation is a bank holding company. The Company conducts its business operations primarily through its wholly owned subsidiary, Yadkin Bank, a North Carolina chartered community bank, which provides services in 73 branches across North Carolina and South Carolina. Yadkin Banks primary business is providing banking, mortgage, investment and insurance services to businesses and consumers across the Carolinas. The Company is engaged in providing general commercial banking and financial services to individuals and businesses located in North Carolina and South Carolina, and to customers in various states through its Small Business Administration (SBA) lending program. The Company operates in six regions, including Central Region, Piedmont Region, Mountain Region, South Region, Southeast Region and Northeast Region.