Fulton Financial Rises On Unusually High Volume (FULT)
NEW YORK (TheStreet) -- Fulton Financial (Nasdaq:FULT) is trading at unusually high volume Friday with 7.1 million shares changing hands. It is currently at five times its average daily volume and trading up 31 cents (+3.3%) at $9.76 as of four p.m. ET. Fulton Financial has a market cap of $1.8 billion and is part of the financial sector and banking industry. Shares are down 8.6% year to date as of the close of trading on Thursday. Fulton Financial Corporation operates as a multi-bank holding company that offers retail and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. The company has a P/E ratio of 12.8, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Fulton Financial as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, expanding profit margins, good cash flow from operations, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Fulton Financial Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
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