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Barclays Upgrades New York Community Bancorp Inc. (NYCB) to an Overweight from an Equal weight

New York Community Bancorp Inc.’s recently made public that 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 $0.7 million.

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Then, Signorille-Browne Julie bought 2,000 shares, generating $9,520 in total proceeds. Upon buying the shares at $4.76, the SEVP & COO now owns 22,188 shares.

Before that, Davis Reginald E bought 1,200 shares. New York Community Bancorp Inc. shares valued at $4,920 were divested by the Sr EVP & President of Banking at a price of $4.10 per share. As a result of the transaction, Davis Reginald E now holds 94,317 shares, worth roughly $1.02 million.

Barclays upgraded its New York Community Bancorp Inc. [NYCB] rating to an Overweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Wedbush’s analysts, who increased its forecast for the stock in early May from “an Underperform” to “a Neutral”. Piper Sandler also remained covering NYCB and has increased its forecast on May 01, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Raymond James revised its rating on March 18, 2024. It rated NYCB as “an Underperform” which previously was an “a Mkt perform”.

Price Performance Review of NYCB

On Tuesday, New York Community Bancorp Inc. [NYSE:NYCB] saw its stock fall -4.01% to $10.78. Over the last five days, the stock has lost -1.37%. New York Community Bancorp Inc. shares have fallen nearly -64.87% since the year began. Nevertheless, the stocks have fallen -68.31% over the past one year. While a 52-week high of $34.47 was reached on 01/09/24, a 52-week low of $5.10 was recorded on 03/06/24. SMA at 50 days reached $10.67, while 200 days put it at $13.87.

Levels Of Support And Resistance For NYCB Stock

The 24-hour chart illustrates a support level at 10.63, which if violated will result in even more drops to 10.47. On the upside, there is a resistance level at 11.07. A further resistance level may holdings at 11.35. The Relative Strength Index (RSI) on the 14-day chart is 47.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.48%. Stochastics %K at 54.01% indicates the stock is a holding.

How much short interest is there in New York Community Bancorp Inc.?

A steep rise in short interest was recorded in New York Community Bancorp Inc. stocks on 2024-09-13, growing by 4.81 million shares to a total of 40.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 35.86 million shares. There was a rise of 11.84%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on March 08, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $4 price target.

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