Cascade Bancorp (NASDAQ:CACB) Stock Closed Lower Than Its 50 Day Moving Average

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It is currently trading at $6.99 which is marginally under $7.50, the 50 day moving average and a tad below the 200 day moving average of $7.74. The 50 day moving average went down by -6.79% and the 200 day average moved down $-0.75. Trading was light with 0 shares changing hands in the last trading session. Trading volume was down nan% under the stocks average daily volume.

Here are a few substantial investment firms who have updated their positions. Wolverine Asset Management LLC grew its ownership by buying 324,693 shares an increase of 84.4%. Wolverine Asset Management LLC owns 709,231 shares with a value of $5,468,000. The value of the position overall is up by 75.1%. Water Island Capital LLC expanded its holdings by buying 129,422 shares an increase of 13.5% as of 03/31/2017. Water Island Capital LLC now holds 1,089,621 shares worth $8,401,000. The total value of its holdings increased 7.7%.

Gardner Lewis Asset Management L P added to its stake by buying 833,845 shares an increase of 46.2% in the quarter. Gardner Lewis Asset Management L P claims 2,637,190 shares valued at $20,333,000. The value of the position overall is up by 38.9%. As of the end of the quarter Goldman Sachs Group Inc had sold a total of 5,062 shares trimming its holdings by 2.2%. The value of the investment in CACB went from $1,892,000 to $1,757,000 decreasing 7.1% quarter to quarter.

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