German American Bancorp (GABC) Surges 6.0%: Is This an Indication of Further Gains?
German American(GABC) Zacks Investment Research·2024-03-05 22:46
German American Bancorp (GABC) shares rallied 6% in the last trading session to close at $33. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 3.3% loss over the past four weeks.Almost a week after getting hurt by the industry-wide concern related to commercial real estate (CRE) loans, shares of German American Bancorp are showing signs of improvement. While CRE loans constitute almost 50% of the company’s tot ...