StockNews.com Initiates Coverage on SVB Financial Group (NASDAQ:SIVB)

StockNews.com assumed coverage on shares of SVB Financial Group (NASDAQ:SIVBFree Report) in a research report report published on Thursday morning. The brokerage issued a sell rating on the stock.

SVB Financial Group Price Performance

NASDAQ SIVB opened at $39.40 on Thursday. The company has a 50 day simple moving average of $0.01 and a 200-day simple moving average of $0.02. SVB Financial Group has a 52-week low of $39.40 and a 52-week high of $597.16. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 0.00 and a beta of 1.57.

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