Deutsche Bank AG (NYSE:DB) has tumbled 0.76% during the past week and has dropped 7.63% in the last 4 week period. The company has outperformed the S&P 500 by 0.43% in the past week but underperformed the index by 8.47% in the last 4 weeks.
Deutsche Bank AG (NYSE:DB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.39 and $15.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.62, notching a gain of 4.83% for the day. The total traded volume was 6,051,574 . The stock had closed at $14.90 on the previous day.
The company shares have dropped -50.32% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $35.38 and the one year low was seen on Jun 16, 2016. The 50-Day Moving Average price is $16.85 and the 200 Day Moving Average price is recorded at $18.97.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Barclays downgrades its outlook on Deutsche Bank AG (NYSE:DB). The current rating of the shares is Equal-weight, according to the research report released by the firm. Previously, the company had a rating of Overweight. The rating by the firm was issued on June 9, 2016. Institutional Investors own 22.35% of Deutsche Bank AG shares.
Deutsche Bank AG is a global investment bank, which offers a range of products and services in investment, corporate and retail banking, as well as in asset and wealth management. The Group operates through five corporate divisions: Corporate Banking & Securities (CB&S), Private & Business Clients (PBC), Global Transaction Banking (GTB), Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Operations Unit (NCOU). CB&S consists of two business divisions, Corporate Finance and Markets, which offers a range of financial products. PBC consists of three business units, Private and Commercial Banking, Advisory Banking International and Postbank. GTB delivers commercial banking products and services to corporate clients and financial institutions. Deutsche AWM is an investment organization which offers investments across various asset classes to individuals and institutions. NCOU operates as a separate division alongside Deutsche Banks core businesses.