Mercantile Bank Corp. (MBWM) Shares Soar 3.98% to 2025 High
Monday, May 12, 2025 7:47 pm ET
2min read Mercantile Bank Corp. (MBWM) shares surged 3.98% today, reaching their highest level since March 2025 with an intraday gain of 7.34%.
The strategy of buying mbwm shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 5-year CAGR of 4.77%. While the strategy captured some upside during market rallies, it also incurred losses during downturns. The recent performance, from the high point in early 2025 until now, showed a decline of 11.76%, highlighting the importance of considering short-term volatility alongside longer-term growth potential.MBWM Total Revenue
On a recent Monday, mercantile bank Corp. (NASDAQ:MBWM) shares crossed above their 200-day moving average of $45.25, reaching as high as $46.97. This technical indicator suggests a potential bullish trend for the company's stock.
Ask Aime: Could Mercantile Bank's rise signal a bullish trend?
