Valley National Bancorp’s recently made public that its SEVP, CML Banking President CHILLURA JOSEPH unloaded Company’s shares for reported $65700.0 on Jun 14 ’24. In the deal valued at $6.57 per share,10,000 shares were sold. As a result of this transaction, CHILLURA JOSEPH now holds 0 shares worth roughly $0.0.
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Then, WILLIAMS SIDNEY S bought 742 shares, generating $5,001 in total proceeds. Upon buying the shares at $6.74, the Director now owns 33,329 shares.
Before that, CHILLURA JOSEPH sold 25,000 shares. Valley National Bancorp shares valued at $185,750 were divested by the SEVP, CML Banking President at a price of $7.43 per share. As a result of the transaction, CHILLURA JOSEPH now holds 10,000 shares, worth roughly $94200.0.
Barclays upgraded its Valley National Bancorp [VLY] rating to an Equal weight from a an Underweight in a research note published on October 31, 2024; the price target was increased to $10 from $9. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early August from “an Underweight” to “an Equal-weight”. Keefe Bruyette also remained covering VLY and has decreased its forecast on May 31, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Barclays started covering the stock on March 08, 2024. It rated VLY as “an Underweight”.
Price Performance Review of VLY
On Friday, Valley National Bancorp [NASDAQ:VLY] saw its stock fall -0.53% to $9.42. Over the last five days, the stock has gained 1.62%. Valley National Bancorp shares have fallen nearly -13.26% since the year began. Nevertheless, the stocks have risen 21.55% over the past one year. While a 52-week high of $11.22 was reached on 01/02/24, a 52-week low of $6.47 was recorded on 06/17/24. SMA at 50 days reached $8.89, while 200 days put it at $8.10.
Levels Of Support And Resistance For VLY Stock
The 24-hour chart illustrates a support level at 9.31, which if violated will result in even more drops to 9.20. On the upside, there is a resistance level at 9.59. A further resistance level may holdings at 9.77. The Relative Strength Index (RSI) on the 14-day chart is 55.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.44%. Stochastics %K at 59.00% indicates the stock is a holding.
How much short interest is there in Valley National Bancorp?
A steep rise in short interest was recorded in Valley National Bancorp stocks on 2024-10-15, dropping by -5.78 million shares to a total of 35.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 41.18 million shares. There was a decline of -16.33%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 01, 2023 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $9.50 price target.
