Strength Seen in Dime Community (DCOM): Can Its 10.5% Jump Turn into More Strength?
DCOMDime(DCOM) ZACKS·2024-09-18 21:01

Dime Community (DCOM) shares soared 10.5% in the last trading session to close at 28.75.Themovewasbackedbysolidvolumewithfarmoreshareschanginghandsthaninanormalsession.Thiscomparestothestock′s10.228.75. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 10.2% gain over the past four weeks.Shares of Dime Community rallied for the fourth consecutive trading session and touched a new 52-week high of 29.21 as Raymond James upgraded it to Strong Buy from Outperform. The primary drivers for the upgrade were “core deposit growth momentum” and expect ...