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NYCB Stock Sees Decline of Approximately -4.01% in Last Five Days

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. New York Community Bancorp Inc. shares valued at $99,891 were purchased by Lux Marshall on Mar 21 ’24. At $3.69 per share, Lux Marshall acquired 27,100 shares. The insider’s holdings grew to 64,872 shares worth approximately $0.2 million following the completion of this transaction.

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Also, Schoels Peter purchased 100,000 shares, netting a total of over 414,750 in proceeds. Following the buying of shares at $4.15 each, the insider now holds 147,438 shares.

Before that, DiNello Alessandro had added 50,000 shares to its account. In a trade valued at $209,480, the Executive Chairman bought New York Community Bancorp Inc. shares for $4.19 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $0.36 million.

As published in a research note from Wedbush on May 01, 2024, New York Community Bancorp Inc. [NYCB] has been rated up from an Underperform to a Neutral and the price target has been revised to $3.50 from $3. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early May. As of March 18, 2024, Raymond James has decreased its “Mkt perform” rating to a “an Underperform” for NYCB. Earlier on March 08, 2024, Barclays initiated its rating. Their recommendation was “an Equal weight” for NYCB stock.

Analyzing NYCB Stock Performance

During the last five days, there has been a drop of approximately -4.01%. Over the course of the year, New York Community Bancorp Inc. shares have dropped approximately -69.60%. Shares of the company reached a 52-week high of $10.62 on 01/09/24 and a 52-week low of $1.70 on 03/06/24. A 50-day SMA is recorded $3.26, while a 200-day SMA reached $7.49. Nevertheless, trading volume fell to 11.79 million shares from 14.7 million shares the previous day.

Support And Resistance Levels for New York Community Bancorp Inc. (NYCB)

According to the 24-hour chart, there is a support level at 3.07, which, if violated, would cause prices to drop to 3.02. In the upper region, resistance lies at 3.17. The next price resistance is at 3.22. RSI (Relative Strength Index) is 40.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 95.56%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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