SVB Financial Group (NASDAQ: SIVB) shares were down on Monday Dec 19 with lower trade volume than normal after a number of analysts weighed in on the investing value of the stock, increasing the price target of stock.
Meanwhile, the Dow Jones Industrial Average DJIA, +0.22% was trading up 37 points, or 0.2%, at 19,879, inching up to break the psychologically important 20,000 level.
The S&P 500 index SPX, +0.20% was up 6 points, or 0.3% at 2,264, with nine of the 11 main sectors trading higher.
The Nasdaq Composite Index COMP, +0.32% added 18 points, or 0.3% to 5,455.
SVB Financial Group (NASDAQ: SIVB) had its price target boosted by equities researchers at Maxim Group from $150.00 to $195.00. With a rating of Buy on the shares, the company has a 52-week high of $175.61. As a means of comparison, a number of other analysts have issued reports on the company in recent days, and SVB Financial Group has secured a consensus one-year price target of $162.19, a decrease compared to the opening price of $168.65.
SVB Financial Group (NASDAQ: SIVB) shares last traded at $167.70, which represents a dip of $0.52 per share or -0.31% from the previous closing price. Opening at $168.65, they ranged from $166.99 and $169.42 throughout the day.
SVB Financial Group (NASDAQ: SIVB) now has a market cap of 8.74B.
SVB Financial Group (NASDAQ: SIVB) Average Daily Trading Volume
The stock’s average daily volume is 572,509 shares out of a total float 51,804,000 and some 34,742 shares traded hands yesterday, lower than the average. Look for trading volume to pick up in the coming days as momentum traders often use upticks in trading volume to determine large volume growth or circulation by institutional investors.
As with all potential breakouts, investors watch for volume to be at least 40%-50% greater than normal on the breakout to demonstrate that fund managers and other professional investors are jumping in.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These professional investors have teams of analysts researching thousands of stocks. Thus, watching their interests is a good way to make sure you are buying the right stocks.
SVB Financial Group (NASDAQ: SIVB) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By identifying trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.
Trades for SVB Financial Group (NASDAQ: SIVB) have ranged from $77.87 – 175.61, and the stock now has a 50-day MA of $149.38 and 200-day MA of $116.85. Today’s last price is 4.50%% lower than the 52 week high of $175.61.
Earnings growth is a crucial factor to research when investing in stocks and investors seek companies that have raised their earnings by at least 25% over a 3 year period.
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