SVB Financial Group (SIVB) : Money flow in the SVB Financial Group (SIVB) stock was negative (0.84 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $3.97 million, compared to $4.82 million on downticks. The total uptick to downtick ratio was 0.82, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $0.1 million, indicating persistent selling. SVB Financial Group (SIVB) traded $1.04 higher at $110.78 gaining 0.95% over the previous days close.
Also, Brokerage firm Morgan Stanley maintains its rating on SVB Financial Group (NASDAQ:SIVB). As per the latest information, the brokerage house lowers the price target to $134 per share from a prior target of $136. The shares have been rated Overweight. The rating by the firm was issued on August 1, 2016.
Shares of SVB Financial Group rose by 4.61% in the last five trading days and 13.69% for the last 4 weeks. SVB Financial Group is up 1.34% in the last 3-month period. Year-to-Date the stock performance stands at -6.29%.
SVB Financial Group (NASDAQ:SIVB): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $109.70 and $109.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $112.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $111.42, notching a gain of 1.53% for the day. The total traded volume was 621,488 . The stock had closed at $109.74 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Descheneaux Michael, officer (Chief Financial Officer) of Svb Financial Group, had unloaded 8,378 shares at an average price of $103.18 in a transaction dated on July 26, 2016. The total value of the transaction was worth $864,442.
SVB Financial Group (SVB Financial) is a diversified financial services, bank holding and financial holding company. The Company operates through three segments: Global Commercial Bank, SVB Private Bank and SVB Capital. The Company, through its subsidiaries and divisions, offers a range of banking and financial products and services to clients across the United States, as well as in key international entrepreneurial markets. The Company offers services in the technology, life science and healthcare, private equity and venture capital, and premium wine industries. The Company offers commercial and private banking products and services through its principal subsidiary, Silicon Valley Bank (the Bank), which is a California state-chartered bank. The Bank and its subsidiaries, also offer asset management, private wealth management, brokerage and other investment services. SVB Private Bank provides personal financial solutions. SVB Capital focuses primarily on funds management.