Preferred Bank (NASDAQ:PFBC) closed at $53.31 after seeing 56396 shares trade hands during the most recent session. This represents a change of -1.39% from the opening. The shares have moved -5.46% on the week.
Stock exchanges work according to the invisible hand of supply and demand, which determines the price where stocks are bought and sold. No trade can occur until someone is willing to sell a stock at a price that another is willing to buy it at. When there are more buyers than sellers, the stock price will rise because of the increased demand. Conversely, if more individuals are selling a stock, the price will decrease.
Let’s take a look at how the stock has been performing recently. Year to date Preferred Bank (NASDAQ:PFBC) is 1.70%, 1.43% over the last quarter, and -4.38% for the past six months.
Over the past 50 days, Preferred Bank stock’s -9.61% off of the high and 9.04% removed from the low. Their 52-Week High and Low are noted here. -9.61% (High), 62.75%, (Low).
Technical analysts have little regard for the value of a company. They use historic price data to observe stock price patterns to predict the direction of that price going forward. Analysts use common formulas and ratios to accomplish this.
Preferred Bank (NASDAQ:PFBC)’s RSI (Relative Strength Index) is 38.75. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.
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