HSBC Holdings plc (NYSE:HSBC) has climbed 0.45% in the past week and advanced 0.13% in the last 4 weeks. The company has outperformed the S&P 500 by 1.66% in the past week but underperformed the index by 0.79% in the last 4 weeks.
HSBC Holdings plc (NYSE:HSBC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.89 and $30.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.15, notching a gain of 2.10% for the day. The total traded volume was 3,633,549 . The stock had closed at $30.51 on the previous day.
The company shares have dropped -34.19% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $47.61 and the one year low was seen on Apr 7, 2016. The 50-Day Moving Average price is $31.74 and the 200 Day Moving Average price is recorded at $33.62.
Many analysts have stated their opinion on the company shares. CLSA downgrades its rating on HSBC Holdings plc (NYSE:HSBC). Analysts at the CLSA have a current rating of Underperform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on April 25, 2016. Institutional Investors own 2.4% of HSBC Holdings plc shares.
HSBC Holdings plc (HSBC) is the banking and financial services company. The Companys principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. The Company operates in four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). RBWM offers personal banking products and wealth management services. CMB offers a range of commercial financial services and solutions to customers ranging from small and medium-sized enterprises to publicly quoted companies. GB&M provides financial solutions to Government, corporate and institutional clients across the world. GPB offers products and services, which include private banking, investment management and private wealth solutions. It operates in Europe, Asia, Middle East and North Africa, North America and Latin America.