BankUnited (BKU) has risen sharply, recording gains of 1.06% in the past 4 weeks. However, the stock has corrected -5.76% in the past 1 week, providing a good buying opportunity on dips. BankUnited (BKU) : During the past 4 weeks, traders have been relatively bearish on BankUnited (BKU), hence the stock is down -5.34% 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 -6.34% relative to the S&P 500.
BankUnited (NYSE:BKU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.39 and $30.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.60, notching a gain of 0.53% for the day. The total traded volume was 1,538,403 . The stock had closed at $30.44 on the previous day.
The stock has recorded a 20-day Moving Average of 0.14% and the 50-Day Moving Average is 3.75%. BankUnited, Inc. has dropped 12.78% during the last 3-month period . Year-to-Date the stock performance stands at -13.5%.
BankUnited, Inc. is a bank holding company with one wholly owned subsidiary, BankUnited, National Association, collectively, the Company. BankUnited provides banking services to individual and corporate customers through 100 branches located in approximately 15 Florida counties and around six banking centers in the New York metropolitan area. The Companys lending focus is to serve commercial and middle-market businesses, their executives and consumers with financial products and services. It offers lending products , such as small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal loans and leases, commercial lines of credit, letters of credit, residential mortgages and consumer loans. BankUnited offers deposit products including checking accounts, money market deposit accounts, savings accounts and certificates of deposit with various terms and rates.