ING Group N.V. (ING) : Traders are bullish on ING Group N.V. (ING) as it has outperformed the S&P 500 by a wide margin of 12.48% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.22%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.66% in the last 1 week, and is up 15.28% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
ING Group N.V. (NYSE:ING): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.60 and $11.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.62, notching a gain of 1.48% for the day. The total traded volume was 1,845,594 . The stock had closed at $11.45 on the previous day.
The stock has recorded a 20-day Moving Average of 7% and the 50-Day Moving Average is 4.16%. ING Groep N.V. has dropped 0.94% during the last 3-month period . Year-to-Date the stock performance stands at -10.35%.
ING Groep N.V. (ING) is a financial services company active in banking, investments, life and nonlife insurance and retirement services. The Companys segments include: Retail Netherlands, Retail Belgium, Retail Germany and Retail Rest of World, which offer current and savings accounts, business lending, mortgages and other consumer lending, and Commercial Banking, which offers wholesale banking (a full range of products from cash management to corporate finance), real estate and lease. The Company provides a range of products and services to support its customers needs. The Company offers retail banking services to individuals, SMEs (small and medium sized enterprises) and mid-corporates in Europe, Asia and Australia. The Company operates Qustomer SPRL as a wholly owned subsidiary.