Company Shares of Cathay General Bancorp (NASDAQ:CATY) Rally 4.4%

Cathay General Bancorp (NASDAQ:CATY) has been under a strong bear grip, hence the stock is down -5.44% 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 3.08% in the past 1 week. The stock has risen by 4.4% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.92% in the past 4 weeks.

The company shares have dropped -13.48% from its 1 Year high price. On Jul 22, 2015, the shares registered one year high at $34.75 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $29.15 and the 200 Day Moving Average price is recorded at $28.80.

The stock has recorded a 20-day Moving Average of 1.79% and the 50-Day Moving Average is 1.87%.


Cathay General Bancorp (NASDAQ:CATY): stock turned positive on Friday. Though the stock opened at $27.83, the bulls momentum made the stock top out at $29.02 level for the day. The stock recorded a low of $27.69 and closed the trading day at $28.7, in the green by 4.94%. The total traded volume for the day was 1,173,980. The stock had closed at $27.35 in the previous days trading.

In an insider trading activity,The director officer (Vice Chairman) of Cathay General Bancorp, Tang Anthony M sold 50,000 shares at $27.79 on March 9, 2016. The Insider selling transaction had a total value worth of $1,389,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Cathay General Company is a bank holding company. The Company operates through Cathay Bank, a California state-chartered commercial bank (the Bank), seven limited partnerships investing in affordable housing investments in which the Bank is the sole limited partner, and GBC Venture Capital, Inc. The Bank primarily services individuals, professionals and small to medium-sized businesses in the local markets in which its branches are located and provides commercial mortgage loans, commercial loans, residential mortgage loans, real estate construction loans, home equity lines of credit and installment loans to individuals. It operates approximately 60 branches, across California, New York State, Chicago, Washington State, Texas, Maryland, Massachusetts, Nevada, New Jersey, Hong Kong, Taipei and Shanghai. It offers deposit products, including passbook accounts, checking accounts, college certificates of deposit and public funds deposits.

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