Press Releases

Stocks Trend Analysis: Ocean Rig UDW LLC (ORIG), Sterling Bancorp (STL), Snyder’s-Lance, Inc. (LNCE)


Ocean Rig UDW LLC (ORIG) failed to extend gains with the stock declining -3.94% or $-0.05 to close the day at $1.22 on light trading volume of 1.34M shares, compared to its three month average trading volume of 3.38M. The Nicosia NI 1075 based company has been outperforming the oil & gas drilling & exploration group over the past 52 weeks, with the stock gaining 54.43%, compared to the industry which has advanced 94.73% over the same period. With RSI of 39.58, the stock should still continue to rise and get closer to its one year target estimate of $0, making it a hold for now.

Ocean Rig UDW LLC was founded in 2010 and is based in Houston, Texas. Ocean Rig UDW LLC operates as a subsidiary of Ocean Rig UDW Inc.

Sterling Bancorp (STL) grew with the stock adding 3.09% or $0.75 to close at $25.05 on light trading volume of 1.34M compared its three months average trading volume of 987.07K. The Montebello New York 10901 based company operating under the Money Center Banks industry has been trending up for the last 52 weeks, with the shares price now 75.1% up for the period and up by 7.37% so far this year. With price target of $14.75 and a 82.12% rebound from 52-week low, Sterling Bancorp has plenty of upside potential, making it a hold with a view buy.

Sterling Bancorp operates as the bank holding company for Sterling National Bank that provides various banking services to commercial, consumer, and municipal clients in the United States. The company accepts deposit products, such as savings deposits, demand deposits, certificates of deposit, money market deposits, senior notes, and other borrowings. Its loan portfolio includes commercial mortgages, residential mortgages, and other consumer loans; payroll finance, warehouse, factored receivables, and equipment finance lending; commercial and industrial loans; commercial real estate and multi-family loans; and acquisition, development, and construction loans. The company also offers wealth management products. As of December 31, 2015, it operated 52 full-service retail and commercial financial centers, which include 16 offices in Westchester County, 11 offices in Rockland County, 7 offices in Orange County, 2 offices in Long Island, and 12 offices in New York City, as well as 1 office in each of Ulster, Sullivan, and Putnam Counties in New York; and 1 office in Bergen County, New Jersey. Sterling Bancorp was founded in 1888 and is based in Montebello, New York.

Snyder’s-Lance, Inc. (LNCE) managed to rebound with the stock climbing 3.35% or $1.26 to close the day at $38.85 on lower than average trading volume of 1.33M shares, compared to its three month average trading volume of 493.36K. The Charlotte North Carolina 28277 based company has been outperforming the processed & packaged goods companies by 3.7012% for last three months and its recent gains have pushed the stock slightly up 1.33% YTD, versus the processed & packaged goods industry which is up 4.99% for the same period. The RSI of 53.75 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Snyder’s-Lance, Inc. manufactures, distributes, markets, and sells snack food products in the United States. Its products include pretzels, sandwich crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, nuts, restaurant style crackers, and other salty snacks. The company sells its products under the Snyder’s of Hanover, Lance, Cape Cod, Snack Factory Pretzel Crisps, Late July, Tom’s, Archway, Jays, Stella D’oro, EatSmart Snacks, Krunchers! and O-Ke-Doke brands. It also purchases and sells cake products and meat snacks under its brands; and sells partner brand products. Snyder’s-Lance, Inc. sells its products through direct-store-delivery network, third-party distributors, and directly to grocery/mass merchandisers, club stores, discount stores, convenience stores, and food service establishments, as well as various other retail customers, such as drug stores, schools, military and government facilities, recreational facilities, offices, and other independent retailers. The company was formerly known as Lance, Inc. and changed its name to Snyder’s-Lance, Inc. in December 2010. Snyder’s-Lance, Inc. was founded in 1912 and is headquartered in Charlotte, North Carolina.


Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *