Kearny Financial (NASDAQ:KRNY) has tumbled 3.52% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.23% in the last four weeks. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.36%. Kearny Financial (NASDAQ:KRNY) has underperformed the index by 0.68% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Kearny Financial (NASDAQ:KRNY): The stock opened at $13.13 on Friday but the bulls could not build on the opening and the stock topped out at $13.14 for the day. The stock traded down to $12.79 during the day, due to lack of any buying support eventually closed down at $12.90 with a loss of -1.45% for the day. The stock had closed at $13.09 on the previous day. The total traded volume was 4,312,086 shares.
The company shares have rallied 13.06% from its 1 Year high price. On Jun 13, 2016, the shares registered one year high at $13.42 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $12.92 and the 200 Day Moving Average price is recorded at $12.42.
On the companys insider trading activities, Petermann Christopher, director of Kearny Financial Corp., had purchased 1,000 shares on May 20, 2016. The total value of the transaction was $12,790. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Currently the company Insiders own 2.51% of Kearny Financial shares according to the proxy statements. Institutional Investors own 54.24% of Kearny Financial shares.