Pacific Mercantile Bancorp (NASDAQ:PMBC) Experiencing Unusual Activity Mid-day

Pacific Mercantile Bancorp (NASDAQ:PMBC) shares are seeing unusual volume mid-trading session today.  While the stock price moved along with the volume change, shares are touching $8.90.  The day’s total volume of 98646 this morning is in contrast from the three-month daily average of 20.65K.  When we divide the current volume by the three-month average volume, we get a relative volume of 4.78.

Pacific Mercantile Bancorp (NASDAQ:PMBC)‘s market cap, the total dollar value of all of their outstanding shares, is 205.32m.  Including today’s unusual volume, Pacific Mercantile Bancorp‘s stock is performing at 21.92% on the year.  For the week, the stock is performing 11.25%.  Over the past month the firm’s stock is 14.84%, 4.09% for the last quarter, 15.58% for the past six-months and 21.92% for the last year.

Current levels places Pacific Mercantile Bancorp (NASDAQ:PMBC)’s stock about -1.11% from the 50-day high and 17.11% away from the 50-day low. 

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