Valley National Bancorp’s recently made public that its SEVP, CML Banking President CHILLURA JOSEPH unloaded Company’s shares for reported $0.52 million on Jan 30 ’25. In the deal valued at $10.40 per share,50,000 shares were sold. As a result of this transaction, CHILLURA JOSEPH now holds 445,249 shares worth roughly $4.6 million.
Then, CHILLURA JOSEPH sold 50,000 shares, generating $510,500 in total proceeds. Upon selling the shares at $10.21, the SEVP, CML Banking President now owns 495,249 shares.
Before that, Joseph Chillura bought 50,000 shares. Valley National Bancorp shares valued at $519,163 were divested by the Officer at a price of $10.38 per share.
JP Morgan upgraded its Valley National Bancorp [VLY] rating to an Overweight from a a Neutral in a research note published on November 11, 2024; the price target was increased to $11 from $10.50. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in late October from “an Underweight” to “an Equal weight”. Morgan Stanley also remained covering VLY and has increased its forecast on August 05, 2024 with a “an Equal-weight” recommendation from previously “an Underweight” rating. Keefe Bruyette revised its rating on May 31, 2024. It rated VLY as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of VLY
On Tuesday, Valley National Bancorp [NASDAQ:VLY] saw its stock jump 2.89% to $10.34. Over the last five days, the stock has gained 1.37%. Valley National Bancorp shares have risen nearly 14.13% since the year began. Nevertheless, the stocks have risen 15.40% over the past one year. While a 52-week high of $11.10 was reached on 01/30/25, a 52-week low of $6.47 was recorded on 01/13/25. SMA at 50 days reached $9.82, while 200 days put it at $8.57.
Levels Of Support And Resistance For VLY Stock
The 24-hour chart illustrates a support level at 10.11, which if violated will result in even more drops to 9.87. On the upside, there is a resistance level at 10.47. A further resistance level may holdings at 10.59. The Relative Strength Index (RSI) on the 14-day chart is 62.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.19%. Stochastics %K at 85.72% indicates the stock is a selling.
How much short interest is there in Valley National Bancorp?
A steep rise in short interest was recorded in Valley National Bancorp stocks on 2024-12-31, dropping by -0.52 million shares to a total of 30.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 31.01 million shares. There was a decline of -1.7%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 08, 2024 when Barclays began covering the stock and recommended ‘”an Underweight”‘ rating along with a $8 price target.
