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A Guide To The Risks Of Investing In New York Community Bancorp Inc. (NYCB)

In a filing, New York Community Bancorp Inc. revealed its Director Lux Marshall acquired Company’s shares for reported $99891.0 on Mar 21 ’24. In the deal valued at $3.69 per share,27,100 shares were bought. As a result of this transaction, Lux Marshall now holds 64,872 shares worth roughly $0.18 million.

Then, Schoels Peter bought 100,000 shares, generating $414,750 in total proceeds. Upon buying the shares at $4.15, the Director now owns 147,438 shares.

Before that, DiNello Alessandro bought 50,000 shares. New York Community Bancorp Inc. shares valued at $209,480 were divested by the Executive Chairman at a price of $4.19 per share. As a result of the transaction, DiNello Alessandro now holds 114,305 shares, worth roughly $0.32 million.

Raymond James downgraded its New York Community Bancorp Inc. [NYCB] rating to an Underperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Equal weight”‘ rating. Piper Sandler also remained covering NYCB and has decreased its forecast on March 01, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. DA Davidson revised its rating on February 08, 2024. It rated NYCB as “a Neutral” which previously was an “a Buy”.

Price Performance Review of NYCB

On Friday, New York Community Bancorp Inc. [NYSE:NYCB] saw its stock fall -5.33% to $2.84. Over the last five days, the stock has lost -8.97%. New York Community Bancorp Inc. shares have fallen nearly -72.24% since the year began. Nevertheless, the stocks have fallen -68.09% over the past one year. While a 52-week high of $14.22 was reached on 01/09/24, a 52-week low of $1.70 was recorded on 03/06/24. SMA at 50 days reached $3.92, while 200 days put it at $9.15. A total of 19.18 million shares were traded, compared to the trading of 22.04 million shares in the previous session.

Levels Of Support And Resistance For NYCB Stock

The 24-hour chart illustrates a support level at 2.78, which if violated will result in even more drops to 2.73. On the upside, there is a resistance level at 2.93. A further resistance level may holdings at 3.03. The Relative Strength Index (RSI) on the 14-day chart is 34.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.33%. Stochastics %K at 9.78% indicates the stock is a buying.

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