Vantiv (NYSE:VNTV) : Traders are bullish on Vantiv (NYSE:VNTV) as it has outperformed the S&P 500 by a wide margin of 12.05% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.36%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.69% in the last 1 week, and is up 13.86% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 50.73% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $59.41 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $54.01 and the 200 Day Moving Average price is recorded at $51.58.
The stock has recorded a 20-day Moving Average of 9.39% and the 50-Day Moving Average is 8.84%.
Vantiv (NYSE:VNTV): stock turned positive on Friday. Though the stock opened at $58.61, the bulls momentum made the stock top out at $59.41 level for the day. The stock recorded a low of $58.1806 and closed the trading day at $58.98, in the green by 1.36%. The total traded volume for the day was 1,149,316. The stock had closed at $58.19 in the previous days trading.
In an insider trading activity, Greene Nelson F, officer (Chf Legal & Corp Svcs Officer) of Vantiv, Inc., unloaded 5,434 shares at an average price of $53.94 on June 2, 2016. The total amount of the transaction was worth $293,110, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Vantiv, Inc. (Vantiv) is a holding company that conducts its operations through its majority-owned subsidiary, Vantiv Holding, LLC (Vantiv Holding). The Company operates in two segments: Merchant Services and Financial Institution Services. The Merchant Services segment provides merchant acquiring and payment processing services to national merchants, regional and small-to-mid sized businesses. Merchant Services includes aspects of card processing, including authorization and settlement, customer service, chargeback and retrieval processing and interchange management. The Financial Institution Service segment provides card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine (ATM) driving and network gateway and switching services. It also offers processing for accounts, such as business cards, home equity lines of credit and health savings accounts.