Independent Bank Corp. (INDB) hits new high of 52 weeks in March 08 session
Actions of Independent Bank Corp. (INDB) yesterday hit a new 52 week high, hitting a high of $ 95.13. The shares closed at $ 94.22 after opening at $ 92.67 for a 3.63% move. The company now has a market capitalization of $ 3.11 billion.
Investors and traders can learn a lot about the dynamics of a stock when it hits a new 52 week high. For example, bullish investors see a company reaching its highest price in a year as a sign of momentum and may interpret it as a buy signal. On the flip side, bearish investors might view a new 52 week high as a signal of the end of a strong run, with the stock potentially peaking before a period of looming decline.
For Independent Bank Corp., the new 52-week high came in at 137,326 volume. The stock has a free float of 33.02 million shares and an average daily volume of $ n / a. It has a 50-day SMA of $ n / a and a 200-day SMA of $ n / a.
For a full analysis of Independent Bank Corp.’s fundamental analysis, check out Equities.com Stock Valuation Analysis Report for INDB.
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Independent Bank is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-based commercial bank. The bank’s income comes from a wide range of banking services, including lending, accepting demand, savings and term deposits, and investment management. Rockland has historically relied on organic growth and certain merger and acquisition activities to drive its growth. The bank’s loan portfolio constitutes the bulk of the bank’s total assets. Its borrowers are primarily small to medium-sized businesses and consumers, most of whom are based in its market area in eastern Massachusetts and Rhode Island. The bank’s loan portfolio consists mainly of commercial loans.
Independent Bank Corp. is based in Hanover, MA and employs approximately 1,432 people. Its CEO is Christopher Oddleifson.
Independent Bank Corp. is also a component of the Russell 2000 Index, which is a valuable tool for any small cap investor. Comprised of the 2,000 smallest publicly traded companies of the 3,000 largest US companies by market cap (which combine to form the larger Russell 3000 Index), the Russell 2000 provides the most comprehensive overview of the small-cap market. of all the clues.
Additionally, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the Dow Jones or S&P 500 industry average selected by the committee.
For more information on Independent Bank Corp. and keep up with the latest company updates, you can visit the company profile page here:
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All data provided by QuoteMedia was correct as of 4:30 p.m. ET.
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