First Niagara Financial Group (NASDAQ:FNFG) has tumbled 4.14% during the past week and has dropped 5.48% 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 2.98%. First Niagara Financial Group (NASDAQ:FNFG) has underperformed the index by 6.35% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
First Niagara Financial Group (NASDAQ:FNFG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.02 and $9.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.09, notching a gain of 0.75% for the day. The total traded volume was 5,598,425 . The stock had closed at $10.01 on the previous day.
The company shares have rallied 3.49% from its 1 Year high price. On Oct 29, 2015, the shares registered one year high at $11.22 and the one year low was seen on Aug 26, 2015. The 50-Day Moving Average price is $10.53 and the 200 Day Moving Average price is recorded at $10.13.
On the companys insider trading activities, Koul Inder, officer (Chief Information Officer) of First Niagara Financial Group Inc, unloaded 238 shares at an average price of $10.6 on June 2, 2016. The total amount of the transaction was worth $2,523, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Currently the company Insiders own 0.9% of First Niagara Financial Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.09% . Institutional Investors own 80.44% of First Niagara Financial Group shares. During last six month period, the net percent change held by insiders has seen a change of -10.59%.
First Niagara Financial Group, Inc. is a bank holding company. The Company provides a range of retail and commercial banking, as well as other financial services through its wholly owned bank subsidiary, First Niagara Bank, N.A. (the Bank). The Bank is a nationally chartered regional bank providing financial services to individuals, families and businesses. The Bank provides its retail consumer and business customers with banking services, including residential and commercial real estate loans, commercial business loans, consumer loans, wealth management products, as well as retail and commercial deposit products. Additionally, it offers insurance services through a wholly owned subsidiary of the Bank. The Bank operates through approximately 411 branches and several financial services subsidiaries.