Valley National Bancorp (NYSE:VLY) has tumbled 3.95% 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 2.8%. Valley National Bancorp (NYSE:VLY) has underperformed the index by 3.07% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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 $8.96 and $8.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.99, notching a gain of 0.67% for the day. The total traded volume was 5,102,153 . The stock had closed at $8.93 on the previous day.
The company shares have dropped -12.04% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $11.24 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $9.25 and the 200 Day Moving Average price is recorded at $9.39.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Guilfoile Mary, director of Valley National Bancorp, had unloaded 10,000 shares at an average price of $9.11 in a transaction dated on June 13, 2016. The total value of the transaction was worth $91,100.
Currently the company Insiders own 3.82% of Valley National Bancorp shares according to the proxy statements. Institutional Investors own 55.2% of Valley National Bancorp shares. During last six month period, the net percent change held by insiders has seen a change of 20%.
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.