Popular (BPOP) : Traders are bullish on Popular (BPOP) as it has outperformed the S&P 500 by a wide margin of 9.11% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.67%, 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 4.2% in the last 1 week, and is up 8.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.36% and the 50-Day Moving Average is 18.55%.The 200 Day SMA reached 36.12%. Popular, Inc. is up 28.53% in the last 3-month period. Year-to-Date the stock performance stands at 41.69%.
Popular (NASDAQ:BPOP): After opening at $39.57, the stock dipped to an intraday low of $38.77 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $39.75 and the buying power remained strong till the end. The stock closed at $39.74 for the day, a gain of 0.71% for the day session. The total traded volume was 468,940. The stocks close on the previous trading day was $39.46.
Popular, Inc. (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR) and Banco Popular North America (BPNA). The Companys BPPR segment provides retail, including residential mortgage loans originations and commercial banking services through its banking subsidiary, Banco Popular de Puerto Rico, as well as auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. The Companys BPNA segment consists of Popular North America, Inc. (PNA) functioning as the holding company for the Companys operations in the United States. The banking operations of BPNA in the United States mainland are based in New York, Florida and New Jersey, conducted under the name of Popular Community Bank.