Peoples United Financial (NASDAQ:PBCT) encountered a drop of 7.4% or -2,500,923 shares in the short positions. The number dropped from 33,627,069 on May 31,2016 to 31,126,146 on June 15,2016. The final interest is 10.1% of the floated stock. The days to cover figure of 10 can be arrived using the average daily exchange of 2,975,201 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Peoples United Financial (NASDAQ:PBCT): The stock opened at $15.23 on Friday but the bulls could not build on the opening and the stock topped out at $15.41 for the day. The stock traded down to $15.05 during the day, due to lack of any buying support eventually closed down at $15.08 with a loss of -5.22% for the day. The stock had closed at $15.91 on the previous day. The total traded volume was 4,876,459 shares.
The company shares have dropped -7.31% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $16.95 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $15.47 and the 200 Day Moving Average price is recorded at $15.42.
Peoples United Financial (NASDAQ:PBCT) has tumbled 0.59% during the past week and has dropped 4.86% in the last 4 week period. The company has outperformed the S&P 500 by 1.06% in the past week but underperformed the index by 1.98% in the last 4 weeks.
Peoples United Financial, Inc. is a savings and loan holding company. It is a holding company for Peoples United Bank (the Bank), a federally-chartered stock savings bank headquartered in Bridgeport, Connecticut. The principal business of the Company is to provide, through the Bank and its subsidiaries, commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. The Companys operates through three segments: Commercial Banking, Retail Banking and Wealth Management. In addition, the Treasury area manages the Companys securities portfolio, short-term investments, brokered deposits and wholesale borrowings. In addition to traditional banking activities, the Bank provides specialized financial services: personal, institutional and employee benefit trust; cash management, and municipal banking and finance.