Signature Bank (SBNY) : The total negative money flow of $2.74 million on Thursday indicates selling on strength. The inflow of money on upticks was $5.64 million, compared to $8.38 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.67. The negative money flow of $2.62 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $2.62 million. The price action in the Signature Bank (SBNY) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $130.49 with a gain of $2.04 , a change of 1.59% over the previous days close. The stock registered 3.53% for the week.
The stock has recorded a 20-day Moving Average of 4.63% and the 50-Day Moving Average is 0.64%. Shares have dropped -14.35% from its 1 Year high price. On Nov 30, 2015, the shares registered one year high at $163.15 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $128.89 and the 200 Day Moving Average price is recorded at $134.99.
Signature Bank (NASDAQ:SBNY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $130.54 and $130.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $131.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $130.68, notching a gain of 1.74% for the day. The total traded volume was 360,195 . The stock had closed at $128.45 on the previous day.
Signature Bank (the Bank) is a full-service commercial bank with 27 private client o?ffices located throughout the New York metropolitan area. The Bank primarily serves privately owned businesses, their owners and senior managers. Signature Bank offers a range of business and personal banking products and services as well as investment, brokerage, asset management and insurance products and services through its subsidiary, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser. In addition, Signature Banks wholly owned specialty finance subsidiary, Signature Financial LLC, provides equipment finance and leasing along with taxi medallion and transportation financing to clients located throughout the United States. Through Signature Securities, it also purchases, securitizes and sells the guaranteed portions of the United States Small Business Administration (SBA) loans.