Macatawa (MCBC) Moves 37.7% Higher: Will This Strength Last?
Macatawa Bank(MCBC) Zacks Investment Research·2024-04-17 22:46
Macatawa Bank (MCBC) shares rallied 37.7% in the last trading session to close at $13.67. 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 6.7% gain over the past four weeks.Shares of Macatawa Bank rallied for the fourth straight day. The last day’s huge rally was driven by the announcement of an all-stock deal by Wintrust Financial Corporation (WTFC) to acquire Macatawa Bank.As part of the transaction, MCBC s ...