HSBC Holdings plc (HSBC) : Traders are bullish on HSBC Holdings plc (HSBC) as it has outperformed the S&P 500 by a wide margin of 9.76% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.4%, 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 0.73% in the last 1 week, and is up 9.53% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3.59% and the fifty day Moving Average is 10.36%. HSBC Holdings plc is up 11.04% in the last three month period. Year-to-Date the stock performance stands at -3.32%.
HSBC Holdings plc (NYSE:HSBC): stock turned positive on Friday. Though the stock opened at $36.08, the bulls momentum made the stock top out at $36.335 level for the day. The stock recorded a low of $35.695 and closed the trading day at $35.87, in the green by 0.03%. The total traded volume for the day was 2,167,815. The stock had closed at $35.86 in the previous days trading.
HSBC Holdings plc (HSBC) is the banking and financial services company. The Companys principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. The Company operates in four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). RBWM offers personal banking products and wealth management services. CMB offers a range of commercial financial services and solutions to customers ranging from small and medium-sized enterprises to publicly quoted companies. GB&M provides financial solutions to Government, corporate and institutional clients across the world. GPB offers products and services, which include private banking, investment management and private wealth solutions. It operates in Europe, Asia, Middle East and North Africa, North America and Latin America.