EBC’s Significant Drop Below Key Moving Average Indicator

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Eastern Bankshares Inc Shares Dips Below Key Average on Friday

On Friday, shares of Eastern Bankshares Inc (Symbol: EBC) fell beneath their 200-day moving average of $16.63, trading as low as $16.27 per share. Currently, EBC shares are down approximately 2.6% for the day. The chart below highlights the one-year performance of EBC shares in comparison to its 200-day moving average:

Eastern Bankshares Inc 200 Day Moving Average Chart

Reviewing the chart, the low point of EBC’s 52-week range is $12.22 per share, while its high is $19.395. This information positions the latest trading price at $16.32.

Click here to find out which 9 other dividend stocks recently crossed below their 200-day moving average »

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.

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