FirstMerit Corporation (FMER) : Traders are bullish on FirstMerit Corporation (FMER) as it has outperformed the S&P 500 by a wide margin of 2.24% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.89%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.82% in the last 1 week, and is up 5.67% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.62% and the 50-Day Moving Average is 0.2%. FirstMerit Corporation has dropped 3.49% during the last 3-month period . Year-to-Date the stock performance stands at 15.7%.
FirstMerit Corporation (NASDAQ:FMER): stock turned positive on Friday. Though the stock opened at $21.04, the bulls momentum made the stock top out at $21.3098 level for the day. The stock recorded a low of $21.03 and closed the trading day at $21.23, in the green by 0.57%. The total traded volume for the day was 1,486,417. The stock had closed at $21.11 in the previous days trading.
FirstMerit Corporation is a bank holding company. The Companys business consists of owning and supervising its affiliates. The Company operates primarily through the Bank and its other subsidiaries, providing a range of banking, fiduciary, financial, insurance and investment services to corporate, institutional and individual customers. It operates in four segments: Commercial, Retail, Wealth and Other. The Commercial segment provides a range of lending, depository, and related financial services. The Retail segment includes consumer lending and deposit gathering, residential mortgage loan origination and servicing, and branch-based small business banking. The Wealth segment offers an array of asset management, private banking, financial planning, estate settlement and administration, credit and deposit products and services. The Other segment includes activities of the parent company, eliminations companies, community development operations and the treasury group.