Extremely significant positive changes in Valley National Bancorp (NASDAQ: VLY) investment behavior have recently occurred: the stock rose on very heavy volume, and positive upside/downside volume developed.
Valley National Bancorp (NASDAQ: VLY). Significant positive changes in fundamentals have recently occurred: the stock’s power rating rose above 70, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, VLY is expected to continue to be a Value Builder.
Valley National Bancorp has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Valley National Bancorp has a good Power Rating of 72 and a good Appreciation Score of 81, producing the Highest Value Trend Rating.
Recent Price Action
On 12/15/23, Valley National Bancorp (NASDAQ: VLY) stock rose modestly by 0.4%, closing at $11.07. Moreover, exceptionally high trading volume at 266% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 11.4% during the last week.
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