Investors Bancorp (ISBC) has been under a strong bear grip, hence the stock is down -2.5% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.29% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.82% in the last 1 week, and is up 1.76% 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 2.93% and the 50-Day Moving Average is 0.34%.
Investors Bancorp (NASDAQ:ISBC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.57 and $11.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.54, notching a gain of 0.35% for the day. The total traded volume was 4,270,706 . The stock had closed at $11.50 on the previous day.
The company Insiders own 3.44% of Investors Bancorp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.91% . Institutional Investors own 77.36% of Investors Bancorp shares. During last six month period, the net percent change held by insiders has seen a change of -5.72%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Investors Bancorp, Inc., Siekerka Michele N had sold 25,407 shares worth of $294,213 in a transaction dated May 18, 2016. In this transaction, 25,407 shares were sold at $11.58 per share.