Lloyds Banking Group Plc (NYSE:LYG) has tumbled 1.3% during the past week and has dropped 7.3% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.11%. Lloyds Banking Group Plc (NYSE:LYG) has underperformed the index by 8.15% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Lloyds Banking Group Plc (NYSE:LYG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.73 and $3.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.81, notching a gain of 6.13% for the day. The total traded volume was 3,309,594 . The stock had closed at $3.59 on the previous day.
The company shares have dropped -31.10% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $5.57 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $3.99 and the 200 Day Moving Average price is recorded at $3.99.
Currently the company Insiders own 0.01% of Lloyds Banking Group Plc shares according to the proxy statements. Institutional Investors own 1.57% of Lloyds Banking Group Plc shares.
Lloyds Banking Group plc is engaged in providing financial services to individual and business customers in the United Kingdom and in certain locations overseas. The Company offers retail and commercial banking, and long-term savings, protection and investment. It operates through five segments: Retail, Commercial Banking, Consumer Finance, Insurance and TSB Banking Group plc (TSB). Retail segment provides banking, mortgages and other financial services to personal customers in the United Kingdom. Commercial Banking segment provides banking and related services to business clients. Consumer Finance segment provides asset finance and credit card products. Insurance segment provides long-term savings, protection and investment products, as well as general insurance products in the United Kingdom. TSB is engaged in retail banking business. Its services are offered through various brands, including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.