Valley National Bancorp (NYSE:VLY) : During the past 4 weeks, traders have been relatively bearish on Valley National Bancorp (NYSE:VLY), hence the stock is down -4.53% 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 -0.94% relative to the S&P 500. The stock has risen by 0.33% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.99% in the past 4 weeks.
The company shares have dropped -11.76% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $11.24 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $9.19 and the 200 Day Moving Average price is recorded at $9.25.
The stock has recorded a 20-day Moving Average of 0.67% and the 50-Day Moving Average is 0.45%.
Valley National Bancorp (NYSE:VLY): stock turned positive on Friday. Though the stock opened at $9.06, the bulls momentum made the stock top out at $9.17 level for the day. The stock recorded a low of $9.05 and closed the trading day at $9.08, in the green by 1.11%. The total traded volume for the day was 2,004,200. The stock had closed at $8.98 in the previous days trading.
In an insider trading activity, The director, of Valley National Bancorp, Guilfoile Mary had unloaded 10,000 shares at $9.11 per share in a transaction on June 13, 2016. The total value of transaction was $91,100. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Valley National Bancorp (Valley) is a bank holding company. The Company operates through its subsidiary, Valley National Bank (Bank). The Bank operates in four segments: commercial lending, consumer lending, investment management, and corporate and other adjustments. Its Wealth Management Division is consisted of trust, asset management and insurance services. It provides a range of commercial, retail, insurance and wealth management financial services products. It provides various banking services, including automated teller machines, telephone and Internet banking, remote deposit capture and deposit facilities. It also provides international banking services to customers, including letters of credit, documentary letters of credit and related products. It operates approximately 211 branch locations, serving over 24 counties throughout northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island and Florida.