E*TRADE Financial Corporation (NASDAQ:ETFC) has tumbled 4.03% during the past week and has dropped 7.19% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.88%. E*TRADE Financial Corporation (NASDAQ:ETFC) has underperformed the index by 8.04% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
E*TRADE Financial Corporation (NASDAQ:ETFC): The stock opened at $24.89 on Friday but the bulls could not build on the opening and the stock topped out at $25.24 for the day. The stock traded down to $24.69 during the day, due to lack of any buying support eventually closed down at $24.77 with a loss of -0.44% for the day. The stock had closed at $24.88 on the previous day. The total traded volume was 3,637,589 shares.
The company shares have dropped -20.05% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $31.48 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $26.08 and the 200 Day Moving Average price is recorded at $25.65.
On the companys insider trading activities, The officer (Principal Accounting Officer), of E Trade Financial Corp, Simonich Brent had unloaded 3,994 shares at $26.22 per share in a transaction on April 26, 2016. The total value of transaction was $104,723. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Deutsche Bank maintains its rating on E*TRADE Financial Corporation (NASDAQ:ETFC).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Deutsche Bank lowers the new price target from $31 per share to $29 per share. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 0.25% of E*TRADE Financial Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.34% . Institutional Investors own 93.25% of E*TRADE Financial Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -10.23%.
E*Trade Financial Corporation is a financial services company and an online brokerage industry. The Company offers solutions for individual investors and stock plan participants. The Company offers its customers to take control of its financial futures by providing the products, tools, services and advice they need to meet their near and long term investing goals. The Company provides these services to customers both online and through their network of customer service representatives and Financial Consultants – over the phone and in person at 30 Company branches across the United States. The Company operates a bank with the primary purpose of maximizing the value of deposits generated though its brokerage business.