First Niagara Financial Group Stock Falls On Unusually High Volume (FNFG)
First Niagara Financial Group Inc (Nasdaq:FNFG) is trading at unusually high volume Wednesday with 25.1 million shares changing hands. It is currently at 4.7 times its average daily volume and trading down 22 cents (-2.4%).
NEW YORK ( TheStreet) -- First Niagara Financial Group Inc (Nasdaq: FNFG) is trading at unusually high volume Wednesday with 25.1 million shares changing hands. It is currently at 4.7 times its average daily volume and trading down 22 cents (-2.4%) at $8.79 as of 9:55 a.m. ET. First Niagara Financial Group has a market cap of $2.67 billion and is part of the financial sector and banking industry. Shares are down 35.6% year to date as of the close of trading on Tuesday. First Niagara Financial Group, Inc. operates as the holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses. The company has a P/E ratio of 13.5, above the average banking industry P/E ratio of 13.1 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates First Niagara Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full First Niagara Financial Group 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 falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.