Market Performance
Magyar Bancorp, Inc. (NASDAQ:MGYR) surged 5.3% in today's trading, closing at $23.75.
The Financial Services stock traded 21,373 shares, 7.7x its average daily volume of 2,792 shares.
big mover upNASDAQ:MGYR
Magyar Bancorp, Inc. (MGYR) Surges 5.3% on Heavy Volume
Magyar Bancorp, Inc. (NASDAQ:MGYR) surged 5.3% in today's trading, closing at $23.75.
At publication ·
What changed
Magyar Bancorp, Inc. (NASDAQ:MGYR) · big mover up
- Price at event
- $23.75
- Price change
- 5.27%
- Average volume to event volume
- 2.8K to 21.4K
- 52-week high
- $23.00
- 52-week low
- $16.03
At a glance
Key takeaways
- Magyar Bancorp (MGYR) rose 5.3% to $23.75 with trading volume of 21,373 shares, 7.7 times its average daily volume.
Company Overview
Magyar Bancorp, Inc. has a market capitalization of $110.3M. The stock has traded year-to-date.
Sharp single-day moves like this rally in Magyar Bancorp, Inc. are often driven by news catalysts — earnings surprises, analyst actions, sector developments, or broader market conditions. Investors should identify the specific driver before making trading decisions, as the sustainability of the move depends on whether the catalyst changes the fundamental outlook.
Today's trading volume of 21,373 shares is 7.7x the average daily volume, indicating significantly elevated interest. Moves on heavy volume are generally considered more meaningful than those on light volume, as they reflect broader participation.
Magyar Bancorp, Inc. currently trades at $23.75, positioning the stock at the 100th percentile of its 52-week range ($16.03 — $23.00). This range context helps investors assess whether the stock is trading near support, resistance, or fair value relative to its recent history.
Related Tools: View MGYR Stock Page
Frequently Asked Questions
What is causing MGYR's price movement?
Price movements can be driven by earnings, analyst actions, or sector trends. Check the latest on our MGYR news page.
What is MGYR's 52-week range?
See full price history and interactive charts on our MGYR chart page.