Valley National Bancorp (VLY) has risen sharply, recording gains of 3.96% in the past 4 weeks. However, the stock has corrected -2.96% in the past 1 week, providing a good buying opportunity on dips. Valley National Bancorp (VLY) : During the past 4 weeks, traders have been relatively bearish on Valley National Bancorp (VLY), hence the stock is down -2.62% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.55% relative to the S&P 500.
Valley National Bancorp (NYSE:VLY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.13 and $9.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.19, notching a gain of 1.10% for the day. The total traded volume was 1,421,421 . The stock had closed at $9.09 on the previous day.
The stock has recorded a 20-day Moving Average of 0.88% and the 50-Day Moving Average is 0.46%. Valley National Bancorp has dropped 7.75% during the last 3-month period . Year-to-Date the stock performance stands at -4.48%.
Valley National Bancorp (Valley) is a bank holding company. The Company operates through its subsidiary, Valley National Bank (Bank). The Bank operates in four segments: commercial lending, consumer lending, investment management, and corporate and other adjustments. Its Wealth Management Division is consisted of trust, asset management and insurance services. It provides a range of commercial, retail, insurance and wealth management financial services products. It provides various banking services, including automated teller machines, telephone and Internet banking, remote deposit capture and deposit facilities. It also provides international banking services to customers, including letters of credit, documentary letters of credit and related products. It operates approximately 211 branch locations, serving over 24 counties throughout northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island and Florida.