Umpqua Holdings Corporation (UMPQ) : Traders are bullish on Umpqua Holdings Corporation (UMPQ) as it has outperformed the S&P 500 by a wide margin of 4.21% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.04%, 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 1.55% in the last 1 week, and is up 4.08% 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 2.53% and the 50-Day Moving Average is 4.63%.The 200 Day SMA reached 5.86%. Umpqua Holdings Corporation is up 3.64% in the last 3-month period. Year-to-Date the stock performance stands at 4.95%.
Umpqua Holdings Corporation (NASDAQ:UMPQ): After opening at $16.3, the stock dipped to an intraday low of $16.21 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $16.415 and the buying power remained strong till the end. The stock closed at $16.34 for the day, a gain of 0.49% for the day session. The total traded volume was 996,621. The stocks close on the previous trading day was $16.26.
Umpqua Holdings Corporation (Umpqua) is a financial holding company. The Company has two principal subsidiaries: Umpqua Bank (the Bank) and Umpqua Investments, Inc. (Umpqua Investments). Umpqua has two segments: Community Banking and Home Lending. Its Community Banking segment focuses on offering loan and deposit products to business and retail customers in its market areas. Its Community Banking segment operates over 380 locations in Oregon and Washington, among others. Its Home Lending segment operates as a division of the Bank, and originates, sells and services residential mortgage loans. The Bank is engaged in the business of commercial and retail banking, and the delivery of retail brokerage services. The Bank provides a range of banking, wealth management, mortgage banking and other financial services to corporate, institutional and individual customers. Umpqua Investments is a broker-dealer and investment advisor. Pivotus Ventures, Inc. is the subsidiary of the Company.