Old National Bancorp (ONB) : Traders are bullish on Old National Bancorp (ONB) as it has outperformed the S&P 500 by a wide margin of 0.04% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.33%, relative to the S&P 500. The stock has risen by 0.5% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.5% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.41% and the 50-Day Moving Average is 3.26%.The 200 Day SMA reached 12.37%
Old National Bancorp (NASDAQ:ONB): After opening at $13.79, the stock dipped to an intraday low of $13.7799 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.105 and the buying power remained strong till the end. The stock closed at $14.06 for the day, a gain of 2.33% for the day session. The total traded volume was 947,563. The stocks close on the previous trading day was $14.06.
Old National Bancorp (ONB) stock is expected to deviate a maximum of $0.42 from the average target price of $13.56 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $14 and the most muted being $13.
Old National Bancorp (Old National) is a financial holding company. The Company through its wholly owned banking subsidiary provides a range of services, including commercial and consumer loan and depository services, private banking, brokerage, trust, investment advisory, and other traditional banking services. Through its non-bank affiliates, it provides insurance brokerage services and other financial services. It operates in two segments: banking, which consists of lending and depository activities along with cash management, private banking, brokerage, trust and investment advisory services, and insurance, which offers full-service insurance brokerage services, including commercial property and casualty, surety, loss control services, employee benefits consulting and administration, and personal insurance. Old National Bank provides a range of services, including commercial and consumer loan and depository services, lease financing and other traditional banking services.