Fulton Financial Corporation (NASDAQ:FULT) has tumbled 3.09% during the past week and has dropped 2.18% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.93%. Fulton Financial Corporation (NASDAQ:FULT) has underperformed the index by 3.07% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Fulton Financial Corporation (NASDAQ:FULT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.43 and $13.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.47, notching a gain of 0.52% for the day. The total traded volume was 2,475,872 . The stock had closed at $13.40 on the previous day.
The company shares have rallied 1.89% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $14.59 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $13.77 and the 200 Day Moving Average price is recorded at $13.27.
On the companys insider trading activities,The officer (Principal Accounting Officer) of Fulton Financial Corp, Deporter Michael J sold 15,833 shares at $13.27 on October 23, 2015. The Insider selling transaction had a total value worth of $210,104. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Guggenheim Securities, downgrades their rating on the shares of Fulton Financial Corporation (NASDAQ:FULT). Guggenheim Securities has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on March 7, 2016. Currently the company Insiders own 0.75% of Fulton Financial Corporation shares according to the proxy statements. Institutional Investors own 57.7% of Fulton Financial Corporation shares.
Fulton Financial Corporation is a multi-bank financial holding company. The Company provides a range of banking and financial services to businesses and consumers through its six wholly owned banking subsidiaries: Fulton Bank, N.A., Fulton Bank of New Jersey, The Columbia Bank, Lafayette Ambassador Bank, FNB Bank, N.A. and Swineford National Bank. In addition, the Company owns the non-bank subsidiaries, such as Fulton Reinsurance Company, LTD, Fulton Financial Realty Company, Central Pennsylvania Financial Corp., FFC Management, Inc., FFC Penn Square, Inc. and Fulton Insurance Services Group, Inc. The Company offers, through its banking subsidiaries, a range of retail and commercial banking services in Pennsylvania, Delaware, Maryland, New Jersey and Virginia.