Markets

First Niagara Financial (FNFG) in Focus: Stock Surges 14.5%

First Niagara Financial Group Inc. ( FNFG ) was a big mover last session, as the company saw its shares rise roughly 15% on the day. Shares moved up on reports that the company is considering a possible sale. This led to 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 $8.57 to $9.38 in the past one-month time frame.

None of the estimates for this FIN-SVGS & LOAN stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

First Niagara Financial carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, a better-ranked stock in the same space is Anchor Bancorp ( ANCB ), sporting a Zacks Rank #1 (Strong Buy).

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

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FIRST NIAGARA (FNFG): Free Stock Analysis Report

ANCHOR BANCORP (ANCB): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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