Coastal Financial (CCB) Moves 5.0% Higher: Will This Strength Last?

Coastal Financial Corporation (CCB) shares ended the last trading session 5% higher at $53.52. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.3% gain over the past four weeks. Shares of Coastal Financial have been rallying for the six consecutives trading sessions. The recent 50 basis points interest rate cut by the Federal Reserve has turned investors bullish on bank stocks. As rates go down, loan demand is ant ...