SVB Financial Group (SIVB) Shares are Down -1.5%

SVB Financial Group (SIVB) has risen sharply, recording gains of 8.16% in the past 4 weeks. However, the stock has corrected -1.5% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.32% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

SVB Financial Group (NASDAQ:SIVB): The stock opened at $101.00 on Friday but the bulls could not build on the opening and the stock topped out at $102.20 for the day. The stock traded down to $98.06 during the day, due to lack of any buying support eventually closed down at $101.01 with a loss of -1.16% for the day. The stock had closed at $102.20 on the previous day. The total traded volume was 746,710 shares.


The stock has recorded a 20-day Moving Average of 4.52% and the 50-Day Moving Average is 0.71%. SVB Financial Group has dropped 5.74% during the last 3-month period . Year-to-Date the stock performance stands at -15.05%.

SVB Financial Group (SVB Financial) is a diversified financial services, bank holding and financial holding company. The Company operates through three segments: Global Commercial Bank, SVB Private Bank and SVB Capital. The Company, through its subsidiaries and divisions, offers a range of banking and financial products and services to clients across the United States, as well as in key international entrepreneurial markets. The Company offers services in the technology, life science and healthcare, private equity and venture capital, and premium wine industries. The Company offers commercial and private banking products and services through its principal subsidiary, Silicon Valley Bank (the Bank), which is a California state-chartered bank. The Bank and its subsidiaries, also offer asset management, private wealth management, brokerage and other investment services. SVB Private Bank provides personal financial solutions. SVB Capital focuses primarily on funds management.

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