KeyCorp (KEY) : Traders are bullish on KeyCorp (KEY) as it has outperformed the S&P 500 by a wide margin of 3.16% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.03%, 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 2% in the last 1 week, and is up 3.56% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
KeyCorp. has dropped 0.63% during the last 3-month period . Year-to-Date the stock performance stands at -5.31%. The stock has recorded a 20-day Moving Average of 2.88% and the 50-Day Moving Average is 5.74%.
KeyCorp (NYSE:KEY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.19 and $12.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.23, notching a gain of 0.16% for the day. The total traded volume was 14,174,251 . The stock had closed at $12.21 on the previous day.
Also, Jefferies maintains its view on KeyCorp (NYSE:KEY) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Jefferies lowers the price target from $14.5 per share to $14 per share on KeyCorp. The rating by the firm was issued on July 27, 2016.
KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association, which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Bank provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services. The Bank provides these services to individual, corporate and institutional clients. The Bank operates in two segments: Key Community Bank, which serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, credit card, and personalized wealth management products and business advisory services, and Key Corporate Bank, is a full-service corporate and investment bank focused on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate and technology.