Popular (BPOP) Shares are Up 1.32%

Popular (BPOP) : Traders are bullish on Popular (BPOP) as it has outperformed the S&P 500 by a wide margin of 18.78% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.26%, 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 1.32% in the last 1 week, and is up 20.01% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 10.3% and the 50-Day Moving Average is 18.7%. Popular (NASDAQ:BPOP): stock turned positive on Friday. Though the stock opened at $36.59, the bulls momentum made the stock top out at $36.99 level for the day. The stock recorded a low of $36.27 and closed the trading day at $36.95, in the green by 0.63%. The total traded volume for the day was 913,170. The stock had closed at $36.72 in the previous days trading.


The company Insiders own 1.28% of Popular shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.63% . Institutional Investors own 84.91% of Popular shares. During last six month period, the net percent change held by insiders has seen a change of -10.25%. Also, Morgan Stanley maintains its rating on Popular (NASDAQ:BPOP). The global brokerage major raises the current price target from $31 per share to $33 per share. Analysts at the Morgan Stanley have a current rating of Equal-weight on the shares. The rating by the firm was issued on August 1, 2016.

Popular, Inc. (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR) and Banco Popular North America (BPNA). The Companys BPPR segment provides retail, including residential mortgage loans originations and commercial banking services through its banking subsidiary, Banco Popular de Puerto Rico, as well as auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. The Companys BPNA segment consists of Popular North America, Inc. (PNA) functioning as the holding company for the Companys operations in the United States. The banking operations of BPNA in the United States mainland are based in New York, Florida and New Jersey, conducted under the name of Popular Community Bank.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.