Stocks of Credit Suisse Group (NYSE:CS) rallied by 0.97% during the past week but lost 8.39% on a 4-week basis. The company has outperformed the S&P 500 by 2.18% in the past week but underperformed the index by 9.23% in the last 4 weeks.
Credit Suisse Group (NYSE:CS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.31 and $12.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.55, notching a gain of 3.89% for the day. The total traded volume was 5,665,580 . The stock had closed at $12.08 on the previous day.
The company shares have dropped -55.24% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $29.99 and the one year low was seen on Jun 16, 2016. The 50-Day Moving Average price is $13.49 and the 200 Day Moving Average price is recorded at $16.03.
Many analysts have stated their opinion on the company shares. Barclays downgrades its view on Credit Suisse Group (NYSE:CS) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. The rating by the firm was issued on June 9, 2016. Institutional Investors own 2.28% of Credit Suisse Group shares.
Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients. The Private Banking & Wealth Management comprises the Wealth Management Clients, Corporate & Institutional Clients and Asset Management businesses. Asset Management offers a range of investment products and solutions across asset classes and for all investment styles, serving governments, institutions, corporations and individuals across the world. Investment Banking offers investment banking and securities products and services to corporate, institutional and government clients around the world. Its products and services include debt and equity underwriting, sales and trading, M&A advice, divestitures, corporate sales, restructuring and investment research.