Large Inflow of Money Witnessed in Signature Bank

Signature Bank (NASDAQ:SBNY) : Investors lapped up stocks on upticks to the tune of $7.26 million in the Wednesdays trading session. The trading value on downticks was comparatively at $5.07 million and the uptick to downtick ratio of 1.43 indicates continuous buying by the bulls. The net money flow into the stock was $2.18 million. Upticks saw transactions worth $0.01 clearly indicating buying by large investors. The total money flow for block trades stood at $0.01 million, which is a positive for the stock in the long-term. Signature Bank (NASDAQ:SBNY) fell $0.03 during the day at $121.55, a drop of -0.02% over the previous days close. However, for the week, the stock is -0.77%, compared to the previous week.


Institutional Investors own 95.97% of Signature Bank shares.

The company shares have dropped -18.35% from its 1 Year high price. On Nov 30, 2015, the shares registered one year high at $163.15 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $130.96 and the 200 Day Moving Average price is recorded at $136.85. Signature Bank (NASDAQ:SBNY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $121.71 and $120.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $123.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $123.00, notching a gain of 1.17% for the day. The total traded volume was 625,713 . The stock had closed at $121.58 on the previous day.

Signature Bank (the Bank) is a full-service commercial bank with 27 private client o?ffices located throughout the New York metropolitan area. The Bank primarily serves privately owned businesses, their owners and senior managers. Signature Bank offers a range of business and personal banking products and services as well as investment, brokerage, asset management and insurance products and services through its subsidiary, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser. In addition, Signature Banks wholly owned specialty finance subsidiary, Signature Financial LLC, provides equipment finance and leasing along with taxi medallion and transportation financing to clients located throughout the United States. Through Signature Securities, it also purchases, securitizes and sells the guaranteed portions of the United States Small Business Administration (SBA) loans.

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