Shares of New York Community Bancorp (NYCB) Sees Large Outflow of Money

New York Community Bancorp (NYCB) : The total negative money flow of $6.48 million on Monday indicates selling on strength. The inflow of money on upticks was $9.03 million, compared to $15.5 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.58. The negative money flow of $5.12 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $1.55 million in a block trade.The transaction value of block trade on downtick was $6.67 million. The uptick to downtick ratio was 0.23. The price action in the New York Community Bancorp (NYCB) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $14.27 with a gain of $0.06 , a change of 0.39% over the previous days close. The stock registered -1.62% for the week.


New York Community Bancorp Inc. has lost 0.63% in the last five trading days and dropped 3.8% in the last 4 weeks. New York Community Bancorp Inc. has dropped 2.57% during the last 3-month period . Year-to-Date the stock performance stands at -9.49%.

New York Community Bancorp (NYSE:NYCB): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.21 and $14.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.27, notching a gain of 0.42% for the day. The total traded volume was 5,475,069 . The stock had closed at $14.21 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of New York Community Bancorp Inc, Ciampa Dominick, had purchased 10,000 shares in a transaction dated on May 4, 2016. The transaction was executed at $14.48 per share with total amount equaling $144,800.

New York Community Bancorp, Inc. is a multi-bank holding company and has two primary subsidiaries: New York Community Bank (Community Bank) and New York Commercial Bank (Commercial Bank). The Community Bank is a New York State-chartered savings bank with 242 branches that operates through seven local divisions. The Community Bank is a producer of multi-family loans in New York City. In addition to multi-family loans, it originates commercial real estate loans (primarily in New York City, as well as Long Island and New Jersey) and, to a much lesser extent, acquisition, development, and construction (ADC) loans, and commercial and industrial (C&I) loans. The Commercial Bank is a New York State-chartered commercial bank with 30 branches in Manhattan, Queens, Brooklyn, Westchester County, and Long Island, including 18 that operate under the name Atlantic Bank. The Commercial Bank offers 24-hour banking online and by phone.

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