Chemung Financial Corporation Shares Close the Week 20.8% Higher - Weekly Wrap
The company saw its shares close the week 20.8% higher than last week, with trading volume higher than its 30 day average.
Mar 05, 2021 by Kwhen Finance Editors
Chemung Financial Corporation shares closed this week 20.8% higher than it did at the end of last week. The stock is currently up 25.3% year-to-date, up 41.6% over the past 12 months, and up 79.7% over the past five years. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 0.9%.
Trading Activity
- Shares traded as high as $42.59 and as low as $35.59 this week.
- Trading volume this week was 49.4% lower than the 10-day average and 9.2% lower than the 30-day average.
- Beta, a measure of the stock’s volatility relative to the overall market stands at 1.6.
Technical Indicators
- The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
- MACD, a trend-following momentum indicator, indicates an upward trend.
- The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
- The company's share price beats the S&P 500 Index this week, beats it on a 1-year basis, and lags it on a 5-year basis
- The company's share price beats the Dow Jones Industrial Average this week, beats it on a 1-year basis, and lags it on a 5-year basis
- The company share price beats the performance of its peers in the Financials industry sector this week, beats it on a 1-year basis, and lags it on a 5 year basis
| Name | DoD %Δ | YTD %Δ | 1 Yr % | 52-Week H % | 52-Week L % |
|---|---|---|---|---|---|
| Chemung Financial Corporation | 8.7 | 25.3 | 41.6 | ||
| Dow Jones Industrial Average | 1.8 | 3.3 | 24.3 | -2.4 | 74.6 |
| S&P 500 Index | 1.8 | 2.6 | 31.4 | -3.5 | 76.5 |
| Financials | 1.8 | 9.9 | 23.0 | -1.5 | 83.3 |
Peer Group Comparative Performance
- The company's stock price performance year-to-date lags the peer average by -9.5%
- The company's stock price performance over the past 12 months beats the peer average by 13.9%
| Name | MKT CAP (USD) | P/E | YTD %Δ | 1 Yr %Δ | 52-Week H % | 52-Week L % |
|---|---|---|---|---|---|---|
| Chemung Financial Corporation | CHMG | 0 | 25.3 | 41.6 | ||
| Peer Avg | N/A | 14.8 | 28.0 | 36.5 | -0.0 | 56.0 |
| Signature Bank | SBNY | 13.1 | 65.1 | 96.0 | ||
| Pinnacle Financial Partners Inc. | PNFP | 21.4 | 33.6 | 70.2 | ||
| Wintrust Financial Corporation | WTFC | 16.6 | 30.6 | 68.8 | -2.5 | 261.3 |
| F.N.B. Corporation | FNB | 14.6 | 34.0 | 38.5 | 1.0 | 166.9 |
| Community Bank System Inc. | CBU | 24.6 | 20.8 | 23.1 | 1.3 | 65.9 |
| NBT Bancorp Inc. | NBTB | 16.4 | 23.2 | 22.5 | ||
| Tompkins Financial Corporation | TMP | 16.9 | 23.5 | 11.3 | -0.1 | 66.3 |
| American National Bankshares Inc. | AMNB | 13.0 | 30.8 | 24.7 | ||
| Macatawa Bank Corporation | MCBC | 11.1 | 18.2 | 9.9 | ||
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