Atlantic Union Bankshares ( (AUB) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Morgan Stanley’s recent coverage of Atlantic Union Bankshares has highlighted a strategic shift that is causing concern among investors. The bank’s decision to move away from commercial real estate, despite its strong credit quality, has led to worries about slower loan growth and potential downsides to earnings estimates. This shift is the main reason behind the stock’s unusual movement.
More about Atlantic Union Bankshares
YTD Price Performance: -35.32%
Average Trading Volume: 1,350,705
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.3B
For further insights into AUB stock on TipRanks’ Stock Analysis page.
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