Valley National Bancorp’s filing revealed that its Former Director MENDELSON AVNER acquired Company’s shares for reported $0.78 million on Apr 22 ’25. In the deal valued at $8.25 per share,94,363 shares were bought.
Then, BANK LEUMI LE ISRAEL BM bought 1,000,000 shares, generating $9,350,000 in total proceeds. Upon buying the shares at $9.35, the 10% Owner now owns 72,861,862 shares.
Before that, MENDELSON AVNER bought 402,000 shares. Valley National Bancorp shares valued at $4,184,389 were divested by the Former Director at a price of $10.41 per share.
Piper Sandler upgraded its Valley National Bancorp [VLY] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid November from “a Neutral” to “an Overweight”. Barclays also remained covering VLY and has increased its forecast on October 31, 2024 with a “an Equal weight” recommendation from previously “an Underweight” rating. Morgan Stanley revised its rating on August 05, 2024. It rated VLY as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of VLY
On Friday, Valley National Bancorp [NASDAQ:VLY] saw its stock fall -0.34% to $8.81. Over the last five days, the stock has lost -1.01%. Valley National Bancorp shares have fallen nearly -2.76% since the year began. Nevertheless, the stocks have risen 15.47% over the past one year. While a 52-week high of $11.10 was reached on 02/06/25, a 52-week low of $6.47 was recorded on 04/04/25. SMA at 50 days reached $8.70, while 200 days put it at $9.14.
Levels Of Support And Resistance For VLY Stock
The 24-hour chart illustrates a support level at 8.74, which if violated will result in even more drops to 8.68. On the upside, there is a resistance level at 8.88. A further resistance level may holdings at 8.96. The Relative Strength Index (RSI) on the 14-day chart is 54.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.88%. Stochastics %K at 73.19% indicates the stock is a holding.
