PrivateBancorp (PVTB) Shares Slide -0.05%

PrivateBancorp (PVTB) has risen sharply, recording gains of 0.52% in the past 4 weeks. However, the stock has corrected -0.05% in the past 1 week, providing a good buying opportunity on dips. PrivateBancorp (PVTB) has been under a strong bear grip, hence the stock is down -2.74% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.02% in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.54% and the 50-Day Moving Average is 4.07%. PrivateBancorp, Inc. is up 6.25% in the last 3-month period. Year-to-Date the stock performance stands at 7.81%.


PrivateBancorp (NASDAQ:PVTB): stock turned positive on Friday. Though the stock opened at $43.8, the bulls momentum made the stock top out at $44.37 level for the day. The stock recorded a low of $43.8 and closed the trading day at $44.2, in the green by 0.75%. The total traded volume for the day was 1,301,443. The stock had closed at $43.87 in the previous days trading.

PrivateBancorp, Inc. is a bank holding company. The Company provides financial services to middle market companies, as well as business owners, executives, entrepreneurs and families in all the markets and communities it serves. The Company provides a range of commercial, real estate and personal lending products and services to its clients. The Company has three operating segments: Banking, Asset Management and Holding Company activities. Its Banking segment includes commercial banking, community banking and the private banking business within private wealth. The Companys Asset Management segment includes certain activities of its PrivateWealth group, including investment management, personal trust and estate administration, custodial and escrow, retirement account administration and brokerage services. The activities of the Holding Company Activities segment include the direct and indirect ownership of its banking subsidiary, the issuance of debt and intersegment eliminations.

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