Momentum Stocks: Integrated Device Technology, Inc. (IDTI), Valley National Bancorp (VLY), Zoetis Inc. (ZTS)

Integrated Device Technology, Inc. (IDTI) grew with the stock adding 0.92% or $0.23 to close at $25.16 on light trading volume of 1.33M compared its three months average trading volume of 1.96M. The San Jose California 95138 based company operating under the Semiconductor – Broad Line industry has been trending up for the last 52 weeks, with the shares price now 1.94% up for the period and up by 6.79% so far this year. With price target of $26.83 and a 55.12% rebound from 52-week low, Integrated Device Technology, Inc. has plenty of upside potential, making it a hold with a view buy.

Integrated Device Technology, Inc. designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, and industrial end-markets worldwide. It operates in two segments, Communications; and Computing, Consumer, and Industrial. The Communications segment offers communication timing products, such as clocks and timing solutions; flow-control management devices comprising Serial RapidIO switching solutions; multi-port products; telecommunications products; static random access memory products; first in and first out memories; digital logic products; radio frequency products; and frequency control solutions. The Computing, Consumer, and Industrial segment provides clock generation and distribution products, programmable timing devices, computing timing solutions, high-performance server memory interfaces, PCI Express switching solutions, power management solutions, and signal integrity products, as well as sensing products for mobile, automotive, and industrial solutions. The company markets its products primarily to original equipment manufacturers through various channels, including direct sales, distributors, electronic manufacturing suppliers, and independent sales representatives. Integrated Device Technology, Inc. was founded in 1980 and is headquartered in San Jose, California.

Valley National Bancorp (VLY) had a light trading with around 1.32M shares changing hands compared to its three month average trading volume of 2.2M. The stock traded between $11.6 and $11.89 before closing at the price of $11.64 with 0.95% change on the day. The Wayne New Jersey 07470 based company is currently trading 46.46% above its 52 week low of $8.31 and -3.19% below its 52 week high of $12.14. Both the RSI indicator and target price of  and $11.54 respectively, lead us to believe that it could rise over the coming weeks.

Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit. The company’s loan products comprise construction, residential mortgage, home equity, automobile, and floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans, credit card loans, personal lines of credit, personal loans, and loans secured by cash surrender value of life insurance. It also invests in securities, such as fixed rate investments, federal funds, and interest-bearing deposits with banks; and offers international banking services, such as standby letters of credit, documentary letters of credit and related products, and other ancillary services. In addition, the company provides asset management advisory, trust, and asset-based lending support services; property and casualty, life, health, and title insurance; and health care equipment and other commercial equipment leases, as well as general aviation aircraft loans and commercial equipment leases, and real estate related investments. Further, it offers other banking services comprising automated teller machine, telephone and Internet banking, remote deposit capturing, overdraft, drive-in and night deposit, and safe deposit services. As of December 31, 2015, it operated 227 branches in northern and central New Jersey; the New York City boroughs of Manhattan, Brooklyn, Queens, and Long Island; and southeast and central Florida. The company was founded in 1927 and is headquartered in Wayne, New Jersey.

Zoetis Inc. (ZTS) saw its value increase by 0.66% as the stock gained $0.35 to finish the day at a closing price of $53.74. The stock was lighter in trading and has fluctuated between $38.26-$54.72 per share for the past year. The shares, which traded within a range of $53.35 to $53.88 during the day, are up by 5.54% in the past three months and up by 8.39% over the past six months. It is currently trading 0.84% above its 20 day moving average and 4.66% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $57.4 a share over the next twelve months. The current relative strength index (RSI) reading is 63.23.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Zoetis Inc. engages in the discovery, development, manufacture, and commercialization of animal health medicines and vaccines for livestock and companion animals in the United States and internationally. It offers anti-infectives that prevent, kill, or slow the growth of bacteria, fungi, or protozoa; vaccines, which are biological preparations to prevent diseases of the respiratory, gastrointestinal, and reproductive tracts or induce a specific immune response; and parasiticides that prevent or eliminate external and internal parasites, such as fleas, ticks, and worms. The company also provides medicated feed additives that offer medicines to livestock; veterinarian solutions for anesthesia, pain management, and the diagnosis of diabetes; and other pharmaceutical products, including pain and sedation, oncology, antiemetic, allergy and dermatology, and reproductive products. In addition, it offers other product categories comprising nutritionals and agribusiness services, as well as products and services in complementary areas consisting of biodevices, diagnostics, and genetics. The company markets its products to veterinarians and livestock producers through its sales representatives, and technical and veterinary operations specialists. Zoetis Inc. was founded in 1952 and is headquartered in Florham Park, New Jersey.

 

Investor’s Alert: Valley National Bancorp (VLY), Pepsico, Inc. (PEP), Dynegy Inc. (DYN)

Valley National Bancorp (VLY) continued its upward trend with the stock climbing 2.14% or $0.25 to close the day at $11.93 on higher than average trading volume of 3.01M shares, compared to its three month average trading volume of 2.19M. The Wayne New Jersey 07470 based company has been outperforming the regional – northeast banks companies by 25.0055% for last three months and its recent gains have pushed the stock slightly up 2.49% YTD, versus the regional – northeast banks industry which is up 0.87% for the same period. The RSI of 66.86 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit. The company’s loan products comprise construction, residential mortgage, home equity, automobile, and floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans, credit card loans, personal lines of credit, personal loans, and loans secured by cash surrender value of life insurance. It also invests in securities, such as fixed rate investments, federal funds, and interest-bearing deposits with banks; and offers international banking services, such as standby letters of credit, documentary letters of credit and related products, and other ancillary services. In addition, the company provides asset management advisory, trust, and asset-based lending support services; property and casualty, life, health, and title insurance; and health care equipment and other commercial equipment leases, as well as general aviation aircraft loans and commercial equipment leases, and real estate related investments. Further, it offers other banking services comprising automated teller machine, telephone and Internet banking, remote deposit capturing, overdraft, drive-in and night deposit, and safe deposit services. As of December 31, 2015, it operated 227 branches in northern and central New Jersey; the New York City boroughs of Manhattan, Brooklyn, Queens, and Long Island; and southeast and central Florida. The company was founded in 1927 and is headquartered in Wayne, New Jersey.

Pepsico, Inc. (PEP) had a light trading with around 3.01M shares changing hands compared to its three month average trading volume of 4.41M. The stock traded between $104.79 and $105.63 before closing at the price of $104.85 with 0.19% change on the day. The Purchase New York 10577 based company is currently trading 15.75% above its 52 week low of $93.25 and -4.12% below its 52 week high of $110.94. Both the RSI indicator and target price of 52.5 and $116.85 respectively, lead us to believe that it should be put on hold over the coming weeks.

PepsiCo, Inc. operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay’s and Ruffles potato chips; Doritos, Tostitos and Santitas tortilla chips; and Cheetos cheese-flavored snacks, branded dips, and Fritos corn chips. The company’s Quaker Foods North America segment provides Quaker oatmeal, grits, rice cakes, natural granola, and oat squares; and Aunt Jemima mixes and syrups, Quaker Chewy granola bars, Cap’n Crunch cereal, Life cereal, and Rice-A-Roni side dishes. Its North America Beverages segment offers beverage concentrates, fountain syrups, and finished goods under the Pepsi, Gatorade, Mountain Dew, Diet Pepsi, Aquafina, Diet Mountain Dew, Tropicana Pure Premium, Sierra Mist, and Mug brands; and ready-to-drink tea and coffee, and juices. The company’s Latin America segment provides snack foods under the Doritos, Cheetos, Marias Gamesa, Ruffles, Emperador, Saladitas, Sabritas, Lay’s, Rosquinhas Mabel, and Tostitos brands; cereals and snacks under the Quaker brand; and beverage concentrates, fountain syrups, and finished goods under the Pepsi, 7UP, Gatorade, Mirinda, Diet 7UP, Manzanita Sol, and Diet Pepsi brands. Its Europe Sub-Saharan Africa segment offers snack foods under the Lay’s, Walkers, Doritos, Cheetos, and Ruffles brands; cereals and snacks under the Quaker brand; beverage concentrates, fountain syrups, and finished goods under the Pepsi, 7UP, Pepsi Max, Mirinda, Diet Pepsi, and Tropicana brands; ready-to-drink tea products; and dairy products under the Chudo, Agusha, and Domik v Derevne brands. The company’s Asia, Middle East and North Africa segment provides snack foods under the Lay’s, Kurkure, Chipsy, Doritos, Cheetos, and Crunchy brands; cereals and snacks under the Quaker brand; beverage concentrates, fountain syrups, and finished goods under the Pepsi, Mirinda, 7UP, Mountain Dew, Aquafina, and Tropicana brands; and tea products. The company was founded in 1898 and is headquartered in Purchase, New York.

Dynegy Inc. (DYN) traded within a range of $8.23 to $8.91 after opening the day at $8.23. The company has seen its stock increase in value by 5.08% so far this year. The stock was up close to 7.24% on light volume in last trading session and closed at $8.89 per share. After the recent gain, the stock is currently holding -59.61% below its 52 week high of $22.01 and 26.82% above its 12-month low of $7.01. The shares are down by over -31.62% in the last three months, and the RSI indicator value of 57.01 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Dynegy Inc., through its subsidiaries, produces and sells electric energy, capacity, and ancillary services in the United States. It operates in three segments, Coal, IPH, and Gas. The company sells its services on a wholesale basis from its power generation facilities. It has a fleet of 35 power plants in 8 states totaling approximately 26,000 megawatts of generating capacity. The company serves a range of customers, including regional transmission organizations, independent system operators, integrated utilities, municipalities, electric cooperatives, transmission and distribution utilities, and power marketers; financial participants, such as banks and hedge funds; and residential, commercial, and industrial end-users. Dynegy Inc. was founded in 1984 and is headquartered in Houston, Texas.

 

Stocks in the Spotlight: Valley National Bancorp (VLY), Apache Corporation (APA), VeriFone Systems, Inc. (PAY)

Valley National Bancorp (VLY) had a light trading with around 1.74M shares changing hands compared to its three month average trading volume of 2.22M. The stock traded between $11.55 and $11.77 before closing at the price of $11.61 with -0.26% change on the day. The Wayne New Jersey 07470 based company is currently trading 46.08% above its 52 week low of $8.31 and -3.44% below its 52 week high of $12.14. Both the RSI indicator and target price of 57.85 and $10.89 respectively, lead us to believe that it should be put on hold over the coming weeks.

Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit. The company’s loan products comprise construction, residential mortgage, home equity, automobile, and floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans, credit card loans, personal lines of credit, personal loans, and loans secured by cash surrender value of life insurance. It also invests in securities, such as fixed rate investments, federal funds, and interest-bearing deposits with banks; and offers international banking services, such as standby letters of credit, documentary letters of credit and related products, and other ancillary services. In addition, the company provides asset management advisory, trust, and asset-based lending support services; property and casualty, life, health, and title insurance; and health care equipment and other commercial equipment leases, as well as general aviation aircraft loans and commercial equipment leases, and real estate related investments. Further, it offers other banking services comprising automated teller machine, telephone and Internet banking, remote deposit capturing, overdraft, drive-in and night deposit, and safe deposit services. As of December 31, 2015, it operated 227 branches in northern and central New Jersey; the New York City boroughs of Manhattan, Brooklyn, Queens, and Long Island; and southeast and central Florida. The company was founded in 1927 and is headquartered in Wayne, New Jersey.

Apache Corporation (APA) continued its downward trend with the stock declining -1.11% or $-0.72 to close the day at $63.87 on light trading volume of 1.73M shares, compared to its three month average trading volume of 3.53M. The Houston Texas 77056 based company has been outperforming the independent oil & gas group over the past 52 weeks, with the stock gaining 45.47%, compared to the industry which has advanced 34.3% over the same period. With RSI of 44.4, the stock should still continue to rise and get closer to its one year target estimate of $63.84, making it a hold for now.

Apache Corporation, an independent energy company, explores, develops, and produces natural gas, crude oil, and natural gas liquids. It operates onshore and offshore assets primarily in the Permian Basin, the Anadarko basin in western Oklahoma, the Texas Panhandle, and Gulf Coast areas of the United States, as well as in Western Canada and Gulf of Mexico. The company also operates assets in Egypt and the United Kingdom in the North Sea. As of December 31, 2015, it had total estimated proved reserves of 794 million barrels of crude oil, 198 million barrels of natural gas liquids, and 3.4 trillion cubic feet of natural gas. Apache Corporation was founded in 1954 and is based in Houston, Texas.

VeriFone Systems, Inc. (PAY) shares were down in last trading by -0.56% to $17.61. It experienced lighter than average volume on day. The stock decreased in value by almost -3.88% over the past week and grew 2.68% in the past month. It is currently trading 5.09% above its 50 day moving average and -14.16% below its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -40.77% decrease in value from its one year high of $29.73. The RSI indicator value of 53.82, lead us to believe that it is a hold for now.

VeriFone Systems, Inc. designs, manufactures, markets, and supplies electronic payment solutions at the point of sale (POS) worldwide. The company offers countertop solutions that accept a range of payment options, including contactless, NFC, mobile wallets, and EMV; PIN pads that support credit and debit card, EBT, EMV, and other PIN-based transactions; and multimedia consumer facing POS devices. It also provides portable payment devices comprising small, portable, and handheld devices that enable merchants to accept electronic payments wherever wireless connectivity is available; and mobile solutions that attach to and interface with iOS, Android, or Windows-based smartphones and tablets. In addition, the company offers integrated electronic payment systems that combine electronic payment processing, fuel dispensing, and ECR functions, as well as secure payment systems for integration with petroleum pump controllers; and unattended and self-service payment solutions designed to enable payment transactions in self-service, high-transaction volume, and public transportation environments, as well as network access solutions. Further, it provides payment-as-a-service and other managed, terminal management, payment-enabled media, in-taxi payment, and security solutions; and server-based payment processing software and middleware. Additionally, the company offers installation, deployment, training, and application development and delivery solutions; project management, client education program, and consulting services; and helpdesk support, equipment repair and maintenance, and software post-contract support services, as well as application libraries and development tools. VeriFone Systems, Inc. markets its products directly; and through third party partners. The company was formerly known as VeriFone Holdings, Inc. and changed its name to VeriFone Systems, Inc. in May 2010. VeriFone Systems, Inc. is headquartered in San Jose, California.

 

Equities Trend Analysis: Under Armour, Inc. (UAA), Philip Morris International Inc. (PM), Valley National Bancorp (VLY)

Under Armour, Inc. (UAA) grew with the stock adding 0.38% or $0.11 to close at $29.42 on light trading volume of 2.24M compared its three months average trading volume of 6M. The Baltimore Maryland 21230 based company has been trending down for the last 52 weeks, with the shares price now -28.46% down for the period and down by -27.01% so far this year. With price target of $37.85 and a 1.31% rebound from 52-week low, Under Armour, Inc. has plenty of upside potential, making it a hold with a view buy.

Under Armour, Inc. together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes. It provides various footwear products, including football, baseball, lacrosse, softball and soccer cleats, slides, performance training, running, basketball, and outdoor footwear. The company also offers accessories, which include headwear, bags, and gloves; and digital fitness platform licenses and subscriptions, as well as digital advertising, as well as licenses its brands. It primarily provides its products under the UA Logo, UNDER ARMOUR, UA, ARMOUR, HEATGEAR, COLDGEAR, ALLSEASONGEAR, PROTECT THIS HOUSE, and I WILL, as well as ARMOURBITE, ARMOURSTORM, ARMOUR FLEECE, and ARMOUR BRA trademarks. The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, institutional athletic departments, and leagues and teams, as well as independent distributors; and directly to consumers through a network of brand and factory house stores, and Website. Under Armour, Inc. was founded in 1996 and is headquartered in Baltimore, Maryland.

Philip Morris International Inc. (PM) had a light trading with around 2.23M shares changing hands compared to its three month average trading volume of 5.11M. The stock traded between $90.61 and $91.32 before closing at the price of $90.94 with -0.43% change on the day. The New York New York 10017 based company is currently trading 12.32% above its 52 week low of $84.46 and -10.81% below its 52 week high of $104.2. Both the RSI indicator and target price of  and $101.06 respectively, lead us to believe that it could rise over the coming weeks.

Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Merit, Parliament, Virginia S., L&M, Philip Morris, Bond Street, Chesterfield, Lark, Muratti, Next, and Red & White. The company also owns various cigarette brands, such as Dji Sam Soe, Sampoerna, and U Mild in Indonesia; Champion, Fortune, and Hope in the Philippines; Apollo-Soyuz and Optima in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; Best in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia. It markets and sells its products in approximately 180 countries in the European Union, Eastern Europe, the Middle East, Africa, Asia, Latin America, and Canada. Philip Morris International Inc. was incorporated in 1987 and is based in New York, New York.

Valley National Bancorp (VLY) saw its value decrease by -1.69% as the stock dropped $-0.2 to finish the day at a closing price of $11.64. The stock was higher in trading and has fluctuated between $8.31-$12.14 per share for the past year. The shares, which traded within a range of $11.61 to $11.91 during the day, are up by 20.79% in the past three months and up by 32.98% over the past six months. It is currently trading 0.82% above its 20 day moving average and 8.07% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $10.89 a share over the next twelve months. The current relative strength index (RSI) reading is 58.6.The technical indicator lead us to believe there will be no major movement any time soon, hold.

Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit. The company’s loan products comprise construction, residential mortgage, home equity, automobile, and floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans, credit card loans, personal lines of credit, personal loans, and loans secured by cash surrender value of life insurance. It also invests in securities, such as fixed rate investments, federal funds, and interest-bearing deposits with banks; and offers international banking services, such as standby letters of credit, documentary letters of credit and related products, and other ancillary services. In addition, the company provides asset management advisory, trust, and asset-based lending support services; property and casualty, life, health, and title insurance; and health care equipment and other commercial equipment leases, as well as general aviation aircraft loans and commercial equipment leases, and real estate related investments. Further, it offers other banking services comprising automated teller machine, telephone and Internet banking, remote deposit capturing, overdraft, drive-in and night deposit, and safe deposit services. As of December 31, 2015, it operated 227 branches in northern and central New Jersey; the New York City boroughs of Manhattan, Brooklyn, Queens, and Long Island; and southeast and central Florida. The company was founded in 1927 and is headquartered in Wayne, New Jersey.

 

Stocks Alert: KB Home (KBH), Valley National Bancorp (VLY), American Electric Power Company, Inc. (AEP)

KB Home (KBH) retreated with the stock falling -1.99% or $-0.33 to close at $16.25 on light trading volume of 2.15M compared its three months average trading volume of 2.36M. The Los Angeles California 90024 based company operating under the Residential Construction industry has been trending up for the last 52 weeks, with the shares price now 29.52% up for the period and up by 32.78% so far this year. With price target of $16.83 and a 81.11% rebound from 52-week low, KB Home has plenty of upside potential, making it a hold with a view buy.

KB Home operates as a homebuilding company in the United States. It constructs and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers. It has operations in California, Arizona, Nevada, Colorado, Florida, Maryland, North Carolina, and Texas. The company was formerly known as Kaufman and Broad Home Corporation and changed its name to KB Home in January 2001. KB Home was founded in 1957 and is headquartered in Los Angeles, California.

Valley National Bancorp (VLY) gained $0.05 to close the day at a new closing price of $11.91, a 0.42% increase in value from its previous closing price that moved the stock 49.86% above its 52 week low of $8.31. A total of 2.15M shares exchanged hands during the day compared with its three month average trading volume of 2.26M. The stock, which fluctuated between $11.8 and $11.97 during the day, currently situated -0.94% below its 52 week high. The stock is up by 6.51% in the past one month and up by 25.13% over the past three months. With a one year target estimate of $10.82 and RSI of 67.79, the stock still has upside potential, making it a hold for now.

Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit. The company’s loan products comprise construction, residential mortgage, home equity, automobile, and floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans, credit card loans, personal lines of credit, personal loans, and loans secured by cash surrender value of life insurance. It also invests in securities, such as fixed rate investments, federal funds, and interest-bearing deposits with banks; and offers international banking services, such as standby letters of credit, documentary letters of credit and related products, and other ancillary services. In addition, the company provides asset management advisory, trust, and asset-based lending support services; property and casualty, life, health, and title insurance; and health care equipment and other commercial equipment leases, as well as general aviation aircraft loans and commercial equipment leases, and real estate related investments. Further, it offers other banking services comprising automated teller machine, telephone and Internet banking, remote deposit capturing, overdraft, drive-in and night deposit, and safe deposit services. As of December 31, 2015, it operated 227 branches in northern and central New Jersey; the New York City boroughs of Manhattan, Brooklyn, Queens, and Long Island; and southeast and central Florida. The company was founded in 1927 and is headquartered in Wayne, New Jersey.

American Electric Power Company, Inc. (AEP) shares were up in last trading by 0.7% to $63.24. It experienced lighter than average volume on day. The stock increased in value by almost 1.82% over the past week and grew 6.88% in the past month. It is currently trading 3.31% above its 50 day moving average and -1.14% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -9.75% decrease in value from its one year high of $71.32. The RSI indicator value of 60.79, lead us to believe that it is a hold for now.

American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. The company generates electricity using coal and lignite, natural gas, nuclear, and hydroelectric and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. The company delivers electricity to approximately 5.4 million customers in 11 states. The company owns and leases approximately 4,838 railcars, 498 barges, 12 towboats, 8 harbor boats, and a coal handling terminal. American Electric Power Company, Inc. was founded in 1906 and is headquartered in Columbus, Ohio.

 

Trader Alert: New Residential Investment Corp. (NRZ), Valley National Bancorp (VLY), Praxair, Inc. (PX)

New Residential Investment Corp. (NRZ) grew with the stock adding 0.12% or $0.02 to close at $16.36 on light trading volume of 2.2M compared its three months average trading volume of 2.5M. The New York New York 10105 based company operating under the REIT – Residential industry has been trending up for the last 52 weeks, with the shares price now 45.07% up for the period and up by 49.56% so far this year. With price target of $15.98 and a 100.51% rebound from 52-week low, New Residential Investment Corp. has plenty of upside potential, making it a hold with a view buy.

New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments segments. The company invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs. It also acquires and manages a diversified portfolio of credit sensitive real estate securities, such as non-agency and agency residential mortgage backed securities; and acquires residential mortgage loans comprising performing, non-performing, re-performing, and reverse mortgage loans. In addition, the company has an interest in a portfolio of consumer loans, including unsecured and homeowner loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2011 and is based in New York, New York.

Valley National Bancorp (VLY) dropped $-0.04 to close the day at a new closing price of $11.86, a -0.34% decrease in value from its previous closing price that moved the stock 49.23% above its 52 week low of $8.31. A total of 2.2M shares exchanged hands during the day compared with its three month average trading volume of 2.25M. The stock, which fluctuated between $11.81 and $11.93 during the day, currently situated -1.36% below its 52 week high. The stock is up by 7.21% in the past one month and up by 25.66% over the past three months. With a one year target estimate of $10.82 and RSI of 66.45, the stock still has upside potential, making it a hold for now.

Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit. The company’s loan products comprise construction, residential mortgage, home equity, automobile, and floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans, credit card loans, personal lines of credit, personal loans, and loans secured by cash surrender value of life insurance. It also invests in securities, such as fixed rate investments, federal funds, and interest-bearing deposits with banks; and offers international banking services, such as standby letters of credit, documentary letters of credit and related products, and other ancillary services. In addition, the company provides asset management advisory, trust, and asset-based lending support services; property and casualty, life, health, and title insurance; and health care equipment and other commercial equipment leases, as well as general aviation aircraft loans and commercial equipment leases, and real estate related investments. Further, it offers other banking services comprising automated teller machine, telephone and Internet banking, remote deposit capturing, overdraft, drive-in and night deposit, and safe deposit services. As of December 31, 2015, it operated 227 branches in northern and central New Jersey; the New York City boroughs of Manhattan, Brooklyn, Queens, and Long Island; and southeast and central Florida. The company was founded in 1927 and is headquartered in Wayne, New Jersey.

Praxair, Inc. (PX) shares were up in last trading by 0.12% to $118.53. It experienced higher than average volume on day. The stock decreased in value by almost -3.3% over the past week and grew 2.17% in the past month. It is currently trading 0.18% above its 50 day moving average and 2.98% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -4.78% decrease in value from its one year high of $125. The RSI indicator value of 43.85, lead us to believe that it is a hold for now.

Praxair, Inc. produces, sells, and distributes atmospheric, process, and specialty gases, as well as surface coatings in North America, Europe, South America, and Asia. The company offers atmospheric gases, such as oxygen, nitrogen, argon, and rare gases; and process gases comprising carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs, engineers, and builds equipment that produces industrial gases; and manufactures precious metal and ceramic sputtering targets used primarily in the production of semiconductors. In addition, the company supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders to the aircraft, energy, printing, primary metals, petrochemical, textile, and other industries. Further, it provides electric arc, plasma and wire spray, and high-velocity oxy-fuel equipment; and distributes hardgoods and welding equipment purchased from independent manufacturers. The company sells its products primarily through independent distributors. It serves various industries, such as healthcare, petroleum refining, manufacturing, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, and water treatment. Praxair, Inc. was founded in 1907 and is headquartered in Danbury, Connecticut.

 

Worth Watching Stocks: Great Basin Scientific, Inc. (GBSN), Valley National Bancorp (VLY), Under Armour, Inc. Class A Comm (UAA)

Great Basin Scientific, Inc. (GBSN) saw its value decrease by -9.37% as the stock dropped $0 to finish the day at a closing price of $0.01. The shares are down by 0% in the past three months and down by 0% over the past six months. It is currently trading -6.91% below its 20 day moving average and -6.91% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $1575840 a share over the next twelve months. The current relative strength index (RSI) reading is 0.The technical indicator lead us to believe the stock will reverse recent losses any time soon.

Great Basin Scientific, Inc., a molecular diagnostic testing company, develops and commercializes molecular diagnostic systems that are designed to test hospital-acquired infections. The company’s platform provides C. diff test, a rapid medical diagnostic test for the detection of C. diff, a gram-positive bacteria that causes severe diarrhea and other intestinal disorders. It also provides Group B streptococcus test, which is used to detect Group B streptococcus from an anal/vaginal swab of a pregnant woman. The company’s assays in clinical trials include Staphylococcus identification and resistance blood infection panel that is designed to identify species of staphylococcus infections, detect the mecA gene that confers drug resistance directly from positive blood cultures, and provide information on the antibiotic resistance profile of the bacteria; and Shiga toxin producing Escherichia coli (E. coli) test that identifies shiga toxin produced by E. coli. Its assays under development include Staphyloccocus aureus (SA) pre-surgical nasal screen, a rapid test for the presence of SA in the nasal passages of a pre-surgical patient; Stool bacterial pathogenic panel, which is designed to detect the causes of food poisoning; Candida blood infections panel that is designed to identify the five species of Candida directly from positive blood cultures; Pertussis test for contagious respiratory disease caused by the bacterium Bordetella pertussis; and CT/NG test for chlamydia tracomatis/neisseria gonorrhoeae. The company sells its diagnostic tests through a direct sales force in the United States, as well as through distributors in the European Union and New Zealand. The company was formerly known as Diagnostic Micro Arrays, Inc. and changed its name to Great Basin Scientific, Inc. in April 2006. Great Basin Scientific, Inc. is headquartered in Salt Lake City, Utah.

Valley National Bancorp (VLY) shares were up in last trading by 3.48% to $11.9. It experienced higher than average volume on day. The stock increased in value by almost 4.39% over the past week and grew 6.8% in the past month. It is currently trading 12.95% above its 50 day moving average and 25.44% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -1.03% decrease in value from its one year high of $12.14. The RSI indicator value of 67.93, lead us to believe that it is a hold for now.

Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit. The company’s loan products comprise construction, residential mortgage, home equity, automobile, and floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans, credit card loans, personal lines of credit, personal loans, and loans secured by cash surrender value of life insurance. It also invests in securities, such as fixed rate investments, federal funds, and interest-bearing deposits with banks; and offers international banking services, such as standby letters of credit, documentary letters of credit and related products, and other ancillary services. In addition, the company provides asset management advisory, trust, and asset-based lending support services; property and casualty, life, health, and title insurance; and health care equipment and other commercial equipment leases, as well as general aviation aircraft loans and commercial equipment leases, and real estate related investments. Further, it offers other banking services comprising automated teller machine, telephone and Internet banking, remote deposit capturing, overdraft, drive-in and night deposit, and safe deposit services. As of December 31, 2015, it operated 227 branches in northern and central New Jersey; the New York City boroughs of Manhattan, Brooklyn, Queens, and Long Island; and southeast and central Florida. The company was founded in 1927 and is headquartered in Wayne, New Jersey.

Under Armour, Inc. Class A Comm (UAA) traded within a range of $29.94 to $30.29 after opening the day at $30.07. The company has seen its stock decrease in value by -25.54% so far this year. The stock was down close to -0.33% on light volume in last trading session and closed at $30.01 per share. After the recent fall, the stock is currently holding -37.41% below its 52 week high of $47.95 and 1.39% above its 12-month low of $29.6. The shares are down by over -24.24% in the last three months, and the RSI indicator value of 33.16 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Under Armour, Inc. together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes. It provides various footwear products, including football, baseball, lacrosse, softball and soccer cleats, slides, performance training, running, basketball, and outdoor footwear. The company also offers accessories, which include headwear, bags, and gloves; and digital fitness platform licenses and subscriptions, as well as digital advertising, as well as licenses its brands. It primarily provides its products under the UA Logo, UNDER ARMOUR, UA, ARMOUR, HEATGEAR, COLDGEAR, ALLSEASONGEAR, PROTECT THIS HOUSE, and I WILL, as well as ARMOURBITE, ARMOURSTORM, ARMOUR FLEECE, and ARMOUR BRA trademarks. The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, institutional athletic departments, and leagues and teams, as well as independent distributors; and directly to consumers through a network of brand and factory house stores, and Website. Under Armour, Inc. was founded in 1996 and is headquartered in Baltimore, Maryland.

 

Trader’s Round Up: Applied Micro Circuits Corporation (AMCC), Valley National Bancorp (VLY), SLM Corporation (SLM)

Applied Micro Circuits Corporation (AMCC) retreated with the stock falling -1.17% or $-0.1 to close at $8.45 on active trading volume of 3.25M compared its three months average trading volume of 1.01M. The Santa Clara California 95054 based company operating under the Semiconductor – Integrated Circuits industry has been trending up for the last 52 weeks, with the shares price now 33.28% up for the period and up by 32.65% so far this year. With price target of $8.04 and a 71.4% rebound from 52-week low, Applied Micro Circuits Corporation has plenty of upside potential, making it a hold with a view buy.

Applied Micro Circuits Corporation provides silicon solutions for next-generation cloud infrastructure and data centers; and connectivity products for edge, metro, and long haul communications equipment in the United States and internationally. The company offers X-Gene family of server processors based on the ARMv8 64-bit instruction set architecture (ISA), which targets mainstream cloud and data center infrastructure, including hyper scale, telco, enterprise, and high performance computing. It also provides embedded computing products, which include HeliX family of processors based on the ARM 64-bit ISA, and PowerPC products based on power architecture for applications in wireless access points, residential gateways, network attached storage, network switches and routers, and multi-function printers. In addition, the company offers connectivity products, which include networking physical layer devices (PHY), including mixed-signal, and optical transport network framer and mapper solutions; and X-Weave family of products to meet the needs of service providers and public cloud, private cloud, and enterprise data centers. Its framer-PHY silicon solutions are used in high-speed optical network equipment, such as routers, switches, and transponders. The company sells its products directly; and through a network of independent manufacturers’ representatives and distributors. Applied Micro Circuits Corporation was founded in 1979 and is headquartered in Santa Clara, California.

Valley National Bancorp (VLY) gained $0.28 to close the day at a new closing price of $11.5, a 2.5% increase in value from its previous closing price that moved the stock 44.7% above its 52 week low of $8.31. A total of 3.24M shares exchanged hands during the day compared with its three month average trading volume of 2.18M. The stock, which fluctuated between $11.12 and $11.51 during the day, currently situated -4.35% below its 52 week high. The stock is up by 3.95% in the past one month and up by 24.99% over the past three months. With a one year target estimate of $10.82 and RSI of 60.54, the stock still has upside potential, making it a hold for now.

Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit. The company’s loan products comprise construction, residential mortgage, home equity, automobile, and floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans, credit card loans, personal lines of credit, personal loans, and loans secured by cash surrender value of life insurance. It also invests in securities, such as fixed rate investments, federal funds, and interest-bearing deposits with banks; and offers international banking services, such as standby letters of credit, documentary letters of credit and related products, and other ancillary services. In addition, the company provides asset management advisory, trust, and asset-based lending support services; property and casualty, life, health, and title insurance; and health care equipment and other commercial equipment leases, as well as general aviation aircraft loans and commercial equipment leases, and real estate related investments. Further, it offers other banking services comprising automated teller machine, telephone and Internet banking, remote deposit capturing, overdraft, drive-in and night deposit, and safe deposit services. As of December 31, 2015, it operated 227 branches in northern and central New Jersey; the New York City boroughs of Manhattan, Brooklyn, Queens, and Long Island; and southeast and central Florida. The company was founded in 1927 and is headquartered in Wayne, New Jersey.

SLM Corporation (SLM) shares were down in last trading by -0.64% to $10.79. It experienced lighter than average volume on day. The stock decreased in value by almost -0.37% over the past week and grew 9.99% in the past month. It is currently trading 23.54% above its 50 day moving average and 48.17% above its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -7.38% decrease in value from its one year high of $11.65. The RSI indicator value of 65.98, lead us to believe that it is a hold for now.

SLM Corporation, together with its subsidiaries, operates as a saving, planning, and paying for education company in the United States. It offers private education loans to students and their families. The company also provides banking products, such as certificates of deposits, money market deposit accounts, and high yield savings accounts; and a consumer savings network that offers financial rewards on everyday purchases to help families save for college. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.

Stocks in Focus: Valley National Bancorp (VLY), CVR Refining, LP (CVRR), salesforce.com, inc. (CRM)

Valley National Bancorp (VLY) had a active trading with around 7.28M shares changing hands compared to its three month average trading volume of 2.18M. The stock traded between $11.19 and $11.47 before closing at the price of $11.22 with -0.27% change on the day. The Wayne New Jersey 07470 based company is currently trading 41.18% above its 52 week low of $8.31 and -6.68% below its 52 week high of $12.14. Both the RSI indicator and target price of 53.48 and $10.82 respectively, lead us to believe that it should be put on hold over the coming weeks.

Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit. The company’s loan products comprise construction, residential mortgage, home equity, automobile, and floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans, credit card loans, personal lines of credit, personal loans, and loans secured by cash surrender value of life insurance. It also invests in securities, such as fixed rate investments, federal funds, and interest-bearing deposits with banks; and offers international banking services, such as standby letters of credit, documentary letters of credit and related products, and other ancillary services. In addition, the company provides asset management advisory, trust, and asset-based lending support services; property and casualty, life, health, and title insurance; and health care equipment and other commercial equipment leases, as well as general aviation aircraft loans and commercial equipment leases, and real estate related investments. Further, it offers other banking services comprising automated teller machine, telephone and Internet banking, remote deposit capturing, overdraft, drive-in and night deposit, and safe deposit services. As of December 31, 2015, it operated 227 branches in northern and central New Jersey; the New York City boroughs of Manhattan, Brooklyn, Queens, and Long Island; and southeast and central Florida. The company was founded in 1927 and is headquartered in Wayne, New Jersey.

CVR Refining, LP (CVRR) failed to extend gains with the stock declining -7.77% or $-0.75 to close the day at $8.9 on light trading volume of 7.25M shares, compared to its three month average trading volume of 736.67K. The Sugar Land Texas 77479 based company has been underperforming the oil & gas refining & marketing group over the past 52 weeks, with the stock losing -54.52%, compared to the industry which has advanced 0.8% over the same period. With RSI of 48.76, the stock should still continue to rise and get closer to its one year target estimate of $9.56, making it a hold for now.

CVR Refining, LP operates as an independent petroleum refiner and marketer of transportation fuels in the United States. It owns and operates a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas. The company also controls and operates logistics assets, including approximately 336 miles of owned and leased pipelines; approximately 150 owned crude oil transports; a network of crude oil gathering tank farms; and approximately 7.0 million barrels of owned and leased crude oil storage capacity, as well as approximately 4.5 million barrels of combined refined products and feedstocks storage capacity. In addition, it owns 170,000 barrels per day pipeline system that transports crude oil from its Broome Station facility to its Coffeyville refinery; approximately 1.5 million barrels of crude oil storage capacity, which supports the gathering system and its Coffeyville refinery; approximately 0.9 million barrels of crude oil storage capacity at its Wynnewood refinery; and approximately 1.5 million barrels of crude oil storage capacity in Cushing, Oklahoma, as well as leases crude oil storage capacity of approximately 2.8 million barrels in Cushing and approximately 0.2 million barrels in Duncan, and approximately 0.1 million barrels at its Wynnewood refinery. CVR Refining GP, LLC operates as the general partner of CVR Refining, LP. The company was founded in 2012 and is based in Sugar Land, Texas.

salesforce.com, inc. (CRM) shares were down in last trading by -0.53% to $69.86. It experienced lighter than average volume on day. The stock decreased in value by almost -1.84% over the past week and fell -4.71% in the past month. It is currently trading -4.69% below its 50 day moving average and -8.44% below its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -17.31% decrease in value from its one year high of $84.48. The RSI indicator value of 41.17, lead us to believe that it is a hold for now.

salesforce.com, inc. provides enterprise cloud computing solutions, with a focus on customer relationship management to various businesses and industries worldwide. It offers enterprise cloud computing applications and platform services, including Sales Cloud that enables companies to store data, monitor leads and progress, forecast opportunities, gain insights through relationship intelligence, and collaborate around sales on desktop and mobile devices. The company also provides Service Cloud that enables companies to deliver personalized customer service and support, as well as connects their service agents with customers on various devices; and Marketing Cloud, which enables companies to plan, personalize, and optimize customer interactions. In addition, it offers Community Cloud that enables companies to engage with groups of people by giving them access to information, applications, and experts; Analytics Cloud, an application, which enables companies to deploy sales, service, marketing, and custom analytics applications using various data source; Internet of Things Cloud that enables customers to process data, as well as build personalized actions and engage with customers in real time; and App Cloud, an application development platform for companies to deliver connected applications for various business needs. Further, the company provides professional services, including consulting, deployment, training, and design and integration services to facilitate the adoption of its cloud solutions, as well as offers various education service offerings ranging from introductory online courses to advanced architecture certifications. It sells and markets services primarily through its direct sales force, as well as through consulting firms, systems integrators, and regional partners. The company has a strategic alliance with Cisco to develop IoT and contact center platforms. salesforce.com, inc. was founded in 1999 and is headquartered in San Francisco, California.

 

Stocks Intraday Alert: Immune Pharmaceuticals, Inc. (IMNP), Allergan plc (AGN), Valley National Bancorp (VLY)

Immune Pharmaceuticals, Inc. (IMNP) managed to rebound with the stock declining -2.16% or $0 to close the day at $0.19 on lower than average trading volume of 4.36M shares, compared to its three month average trading volume of 5.33M. The New York New York 10016 based company has been underperforming the drug manufacturers – major companies by -39.0672% for last three months and its recent losses have pulled the stock down -74.53% YTD, versus the drug manufacturers – major industry which is up 0.56% for the same period. The RSI of 46.81 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Immune Pharmaceuticals, Inc., a clinical stage biopharmaceutical company, develops and commercializes novel targeted therapeutics in the immuno-inflammation and immuno-oncology areas. The company’s lead product candidate is Bertilimumab, a human monoclonal antibody, which is in Phase II clinical trial for the treatment of ulcerative colitis, bullous pemphigoid, and Crohn’s disease. It is also developing NanoCyclo, a topical nanocapsule formulation of cyclosporine, for the treatment of psoriasis and atopic dermatitis; Ceplene, a small molecule, which has completed Phase III clinical trials targeting the Histamine-2 Receptor to overcome immunosuppression in Acute Myeloid Leukemia and other malignancies; Azixa, a Phase II clinical trial novel microtubular destabilizer that functions as a vascular disruption agent; and Crolibulin, a novel small molecule vascular disruption agent and apoptosis inducer, which is in Phase II clinical trials for the treatment of patients with solid tumors. The company’s products also include NanomAbs technology platform, an antibody-drug conjugate platform for the treatment of cancer; novel technology platform for the construction of bispecific antibodies for immunotherapies; and AmiKet, a prescription topical analgesic cream, which is in Phase III clinical trial to treat peripheral neuropathies. It has license, and other collaborative research and development arrangements with BioNanoSim Ltd.; Yissum Research Development Company of The Hebrew University of Jerusalem Ltd.; Atlante Biotech SAS; Shire Biochem, Inc.; Lonza Sales AG; MabLife SAS; iCo Therapeutics Inc.; Dalhousie University; and Endo Pharmaceuticals Inc. Immune Pharmaceuticals, Inc. was founded in 2010 and is headquartered in New York, New York.

Allergan plc (AGN) had a light trading with around 4.35M shares changing hands compared to its three month average trading volume of 4.96M. The stock traded between $190.51 and $194.37 before closing at the price of $192.62 with 0.11% change on the day. The Dublin Dublin D17 E400 based company is currently trading 4.4% above its 52 week low of $184.5 and -39.33% below its 52 week high of $317.48. Both the RSI indicator and target price of 43.07 and $264.58 respectively, lead us to believe that it should be put on hold over the coming weeks.

Allergan plc, a specialty pharmaceutical company, develops, manufactures, markets, and distributes medical aesthetics, biosimilar, and over-the-counter pharmaceutical products worldwide. It operates through US Brands, US Medical Aesthetics, International Brands, and Anda Distribution segments. The company offers a portfolio of products that provide treatments for the central nervous system, gastroenterology, women’s health and urology, ophthalmology, neurosciences, medical aesthetics, liver disease, inflammation, fibrosis, and HIV, as well as dermatology and plastic surgery, and Alzheimer’s disease. It is also involved in developing ocular implants that reduce intraocular pressure associated with glaucoma; medical devices for the correction of prominent ears; and intranasal neurostimulation devices, as well as other dry eye products. In addition, it distributes generic and branded pharmaceutical products primarily to independent pharmacies, pharmacy chains, pharmacy buying groups, and physicians’ offices. Allergan plc has a collaboration with T2 Biosystems to develop blood-based diagnostic panel for the detection of Gram-negative bacterial species. The company was formerly known as Actavis plc and changed its name to Allergan plc in June 2015. Allergan plc was founded in 1983 and is headquartered in Dublin, Ireland.

Valley National Bancorp (VLY) traded within a range of $11.24 to $11.52 after opening the day at $11.39. The company has seen its stock increase in value by 19.42% so far this year. The stock was down close to -0.71% on active volume in last trading session and closed at $11.25 per share. After the recent fall, the stock is currently holding -6.43% below its 52 week high of $12.14 and 41.55% above its 12-month low of $8.31. The shares are up by over 20.97% in the last three months, and the RSI indicator value of 54.69 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market deposits, as well as certificates of deposit. The company’s loan products comprise construction, residential mortgage, home equity, automobile, and floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans, credit card loans, personal lines of credit, personal loans, and loans secured by cash surrender value of life insurance. It also invests in securities, such as fixed rate investments, federal funds, and interest-bearing deposits with banks; and offers international banking services, such as standby letters of credit, documentary letters of credit and related products, and other ancillary services. In addition, the company provides asset management advisory, trust, and asset-based lending support services; property and casualty, life, health, and title insurance; and health care equipment and other commercial equipment leases, as well as general aviation aircraft loans and commercial equipment leases, and real estate related investments. Further, it offers other banking services comprising automated teller machine, telephone and Internet banking, remote deposit capturing, overdraft, drive-in and night deposit, and safe deposit services. As of December 31, 2015, it operated 227 branches in northern and central New Jersey; the New York City boroughs of Manhattan, Brooklyn, Queens, and Long Island; and southeast and central Florida. The company was founded in 1927 and is headquartered in Wayne, New Jersey.