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Central Pacific Financial Corp (NYSE: CPF) |
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CPF $28.3100
$-0.2900 
-1.01%
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Volume (M):
167
Open :
28.36 52 Wk Avg :
24.28
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Central Pacific Financial Corp CPF OHLC Open High Low Closing Chart
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What happened with Central Pacific Financial Corp's Stock |
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Central Pacific Financial Corp Experiences Significant Share Decline in September 2024
In September 2024, Central Pacific Financial Corp's shares experienced a notable decline, falling by 6.98% from $27.45 to $25.66 during the course of the month. Throughout September, the company's shares consistently trailed behind the overall market performance, reflecting broader challenges faced by the Regional Banks industry. On average, shares within this sector experienced an average decrease of 3.76%, indicating a market trend that Central Pacific could not avoid despite its individual strategies.
The month began with relative stability, but the stock reached a critical low of $25.66 on September 11, 2024. This downturn marked the lowest valuation in September, raising concerns among investors and analysts about the company's financial health and market competitiveness. Following this low, there was some recovery, and by September 30, 2024, shares peaked at $29.55, marking the highest point of the month. However, despite the peak towards the end of the month, Central Pacific's shares concluded the month with a significant -2.38% drop, specifically on the best trading day at the end of September.
The fluctuations over the month illustrated the volatility of Central Pacific's stock and its sensitivity to market forces. This performance underscores the need for the bank to refine its strategies in a challenging economic environment and to bolster investor confidence moving forward. As the market navigates uncertainties, Central Pacific faces an uphill battle to regain its footing in a competitive sector.,
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In July 2024, Central Pacific Financial Corp (CPFC) experienced significant fluctuations in its stock price, ultimately closing the month with a remarkable increase of 21.11%, rising from $21.33 at the beginning of the month to $26.09. This growth can be seen against a backdrop of both market trends and company-specific factors that contributed to investor sentiments. The stock's highest point was reached on July 31, climbing to $27.4765, showcasing investor optimism toward CPFC in the latter part of the month.
The journey was not without its challenges, as the stock began the month on a negative note, dipping to a low of $20.55 on July 5. This downward movement set a shaky tone early on but was followed by a recovery phase that dominated the latter weeks of July. Notably, the stock faced its most challenging day on July 24 when it declined by 2.75%. Despite this setback, CPFC managed to outperform the overall market, which saw an average uptick of 0.95% for the month.
Moreover, while the broader financial sector gained traction with a 6.68% increase, CPFC's performance stands out, indicating that the company's recovery was particularly robust relative to its peers. This resilience can be attributed to positive investor sentiment stemming from potential growth strategies or favorable market conditions within the regional banking landscape. Overall, July 2024 can be characterized as a month of dramatic recovery and growth for Central Pacific Financial Corp, reflecting both market resilience and shareholder confidence.
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In June 2024, Central Pacific Financial Corp's stock showed a modest improvement of 0.8%, starting the month at $20.4 and closing at $21.2. However, throughout the month, the stock's performance was behind that of the overall market, indicating a lag in comparison to other companies.
Additionally, when compared to the CSIMarkets index tracking Central Pacific Financials Suppliers over the past quarter, Central Pacific Financial Corp's shares performed better. This suggests that while it may have trailed the market in June, the stock has been stronger in the preceding months.
The highest point for Central Pacific Financial Corp shares during June 2024 was reached on June 28th, with the stock price peaking at $21.43. On the other hand, the stock experienced its lowest point of the month on June 4th, hitting $19.52.
Looking at the performance of the Regional Banks industry during the same period, shares in this sector saw an average increase of 13.43%. This indicates that Central Pacific Financial Corp's stock lagged behind the industry average during June.
In summary, Central Pacific Financial Corp's stock showed a modest improvement in June 2024 but trailed the overall market performance. However, when compared to the CSIMarkets index tracking Central Pacific Financials Suppliers, the stock showed better performance over the past quarter. The highest and lowest points for the stock during the month were recorded on June 28th and June 4th, respectively. The Regional Banks industry saw a higher average increase compared to Central Pacific Financial Corp's stock in June.
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