Investors Bancorp (ISBC) : Traders are bullish on Investors Bancorp (ISBC) as it has outperformed the S&P 500 by a wide margin of 1.44% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.4%, 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 3.37% in the last 1 week, and is up 1.83% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Investors Bancorp Inc. is up 0.19% in the last 3-month period. Year-to-Date the stock performance stands at -4.7%. The stock has recorded a 20-day Moving Average of 3.34% and the 50-Day Moving Average is 3.54%.
Investors Bancorp (NASDAQ:ISBC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.67 and $11.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.67, notching a gain of 0.34% for the day. The total traded volume was 3,022,299 . The stock had closed at $11.63 on the previous day.
Also, Piper Jaffray upgrades their rating on the shares of Investors Bancorp (NASDAQ:ISBC). The current rating of the shares is Overweight. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 19, 2016.