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Tale of the Tape

Zacks Equity Research

Silicon Valley Bank (SIVB) Jumps: Stock Moves 5.6% Higher
October 06, 2016


Trades from $3

SVB Financial Group (SIVB - Free Report) was a big mover last session, as the company saw its shares rise almost 6%. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $104.23 to $112.70 in the past one-month time frame.

The company has not seen any estimate revision in the past month while its Zacks Consensus Estimate has gone up. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Silicon Valley Bank currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is positive.



A better-ranked stock in the broader financial sector is Columbia Banking System Inc. (COLB - Free Report) , holding a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is SIVB going up? Or down? Predict to see what others think:  Up or Down

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