Valley National Bancorp (VLY) Shares are Down -2.45%

Valley National Bancorp (VLY) : During the past 4 weeks, traders have been relatively bearish on Valley National Bancorp (VLY), hence the stock is down -4.16% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.5% relative to the S&P 500. The 4-week change in the price of the stock is -3.17% and the stock has fallen -2.45% in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.08% and the 50-Day Moving Average is 0.34%. Valley National Bancorp (NYSE:VLY): On Fridays trading session , Opening price of the stock was $9.11 with an intraday high of $9.18. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.0899. However, the stock managed to close at $9.17, a loss of 0.43% for the day. On the previous day, the stock had closed at $9.21. The total traded volume of the day was 827,832 shares.


The company Insiders own 3.82% of Valley National Bancorp shares according to the proxy statements. Institutional Investors own 54.84% of Valley National Bancorp shares. Also, In the latest statement by the brokerage house, PiperJaffray downgrades its outlook on Valley National Bancorp (NYSE:VLY). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Overweight. The rating by the firm was issued on August 8, 2016.

Valley National Bancorp (Valley) is a bank holding company. The Company operates through its subsidiary, Valley National Bank (Bank). The Bank operates in four segments: commercial lending, consumer lending, investment management, and corporate and other adjustments. Its Wealth Management Division is consisted of trust, asset management and insurance services. It provides a range of commercial, retail, insurance and wealth management financial services products. It provides various banking services, including automated teller machines, telephone and Internet banking, remote deposit capture and deposit facilities. It also provides international banking services to customers, including letters of credit, documentary letters of credit and related products. It operates approximately 211 branch locations, serving over 24 counties throughout northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island and Florida.

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