Shares of First Foundation (FFWM) Sees Large Outflow of Money

First Foundation (FFWM) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($4.88 million) and the uptick to downtick ratio was 0.06. The transaction value on upticks was $0.33 million and on downticks, the transaction value was $5.21 million. The transaction value of block trades during downticks was $4.88 million. The money flow was negative ($4.88 million), indicating the traders were booking profit on the price strength. First Foundation (FFWM) rose $0.52 at $21.7, during intraday Thursday , a rise of 2.46% over the previous days close.


First Foundation (FFWM) : Currently there are 2 street experts covering First Foundation (FFWM) stock. The most bullish and bearish price target for the stock is $27 and $26 respectively for the short term. The average price target of all the analysts comes to $26.5. The estimated standard deviation from the target is $0.71. The stock has recorded a 20-day Moving Average of 1.53% and the 50-Day Moving Average is 1.41%.

First Foundation (NASDAQ:FFWM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.21 and $20.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.70, notching a gain of 2.46% for the day. The total traded volume was 290,635 . The stock had closed at $21.18 on the previous day.

First Foundation Inc. is a financial services and bank holding company. The Company provides a platform of personalized financial services to high net-worth individuals and their families, family businesses and other affiliated organizations. It conducts its operations through its wholly owned subsidiaries: First Foundation Advisors (FFA) and First Foundation Bank (FFB), and First Foundation Insurance Services (FFIS), a wholly owned subsidiary of FFB. The Company has two business segments: Banking and Investment Management, Wealth Planning and Consulting (Wealth Management). Banking includes the operations of FFB and FFIS and Wealth Management includes the operations of FFA. FFB offers specialized services, including trust services, online banking, remote deposit capture, merchant credit card services, ATM cards, Visa debit cards, business sweep accounts, and through FFIS, insurance brokerage services. FFA provides investment management and financial planning services.

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