Credit Suisse Group (CS) has risen sharply, recording gains of 8.13% in the past 4 weeks. However, the stock has corrected -2.16% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.5% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
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 $11.06 and $11.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.31, notching a gain of 2.54% for the day. The total traded volume was 4,388,652 . The stock had closed at $11.03 on the previous day.
The stock has recorded a 20-day Moving Average of 0.48% and the 50-Day Moving Average is 5.24%. Credit Suisse Group AG has dropped 14.77% during the last 3-month period . Year-to-Date the stock performance stands at -44.99%.
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.