First Citizens Bancshares Trading Volume Surges 167.83% to $37.7 Million Ranking 229th in Daily Market

Market BriefTuesday, May 6, 2025 8:08 pm ET
1min read
FCNCA0.00%

On May 6, 2025, First Citizens Bancshares Inc. (FCNCA) saw a significant surge in trading volume, with a total turnover of $37.7 million, marking a 167.83% increase from the previous day. This substantial rise in trading activity placed FCNCA at the 229th position in the daily stock market rankings. The stock price, however, experienced a decline of 3.54%.

Frank B. Holding Jr., the Chairman and CEO of First Citizens Bancshares, who also holds a 10% stake in the company, recently acquired 450 Class B Common shares on May 2. This acquisition is notable as it reflects the confidence of the company's top executive in its future prospects. The purchase was made at an average price of $2,099.47 per share, indicating a significant investment by the insider.

Kirkoswald Asset Management LLC has also shown interest in FCNCA, making its first purchase in the fourth quarter of 2024. This investment by a prominent asset management firm further underscores the potential value and growth opportunities seen in First Citizens Bancshares. The firm's acquisition of shares at an average price of $2,099.47 suggests a strategic move to capitalize on the company's performance and market position.

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