Morning Research: Blackstone Group L.P., SunTrust Banks Inc., BB&T Corp., and
Valley National Bancorp
LONDON, October 9, 2013
LONDON, October 9, 2013 /PRNewswire/ --
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The U.S. equity market posted sharp losses on Tuesday, October 8, 2013, with
the S&P 500, the Dow Jones Industrial Average, and the NASDAQ Composite
falling by 1.23%, 1.07%, and 2.00%, respectively. Shares in the financial
sector mostly ended on a lower note, as the broader market declined. The major
movers in the industry included Blackstone Group L.P. (NYSE: BX), SunTrust
Banks Inc. (NYSE: STI), BB&T Corporation (NYSE: BBT), and Valley National
Bancorp (NYSE: VLY). AAAResearchReports.com has released full comprehensive
research on BX, STI, BBT, and VLY. These free technical analyses can be
downloaded by signing up at:
On Tuesday, Blackstone Group L.P.'s stock plummeted to close at $25.46, which
is 3.23% lower than the previous day's closing price of $26.31. The company's
shares oscillated between $25.37 and $26.59 during the trading session. A
total of 7.28 million shares were traded, which is above the daily average
volume of 4.70 million. Despite Tuesday' sharp decline, the company's shares
have surged 14.27% in the last one month and 24.07% in the previous three
months, outperforming the S&P 500 which has advanced 0.02% and 0.91% during
the respective periods. Additionally, Blackstone Group L.P.'s stock is trading
above its 50-day and 200-day moving averages of $23.17 and $20.79,
respectively. Download free report on BX upon registration at:
Shares in SunTrust Banks Inc. edged lower on Tuesday, extending the losses
from the previous trading session. The company's shares vacillated between
$32.15 and $32.49 before finishing the day 0.40% lower at $32.16. A total of
3.46 million shares were traded, which is above the daily average volume of
3.35 million. Despite Tuesday's losses, SunTrust Banks Inc.'s stock is trading
above its 200-day moving average of $30.93. Furthermore, the company's shares
have fallen by 1.32% in the previous three trading session, compared to a loss
of 1.38% in the S&P 500 during the same period. STI technical report can be
accessed for free by signing up at:
On Tuesday, BB&T Corp.'s stock fell sharply to close at $32.66, down 1.45%
from the previous day's closing price of $33.14. The company's shares
oscillated between $32.65 and $33.25 during the trading session. A total of
3.31 million shares were traded, which is above the daily average volume of
3.19 million. Despite Tuesday's sharp losses, BB&T Corp.'s stock is trading
above its 200-day moving average of $32.45. Moreover, the company's shares
have fallen by 2.22% in the previous three trading session, compared to a loss
of 1.38% in the S&P 500 during the same period. The free report on BBT can be
downloaded by signing up now at:
Valley National Bancorp's stock rose 0.10% on Tuesday, reversing some of the
losses from the previous trading session. The company's shares closed the day
at $9.80, after trading between $9.72 and $9.83. A total of 0.97 million
shares were traded, which is below the daily average volume of 1.18 million.
The company's shares have lost 0.31% in the previous three months,
underperforming the S&P 500 which has gained 0.91% during the same period.
Further, Valley National Bancorp's stock is trading below its 50-day and
200-day moving averages of $10.20 and $9.81, respectively. A free report on
VLY can be accessed by registering at:
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