ING Group N.V. (NYSE:ING) has tumbled 1.56% during the past week and has dropped 3.49% 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 0.38%. ING Group N.V. (NYSE:ING) has underperformed the index by 4.37% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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 $11.21 and $11.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.35, notching a gain of 3.09% for the day. The total traded volume was 3,921,987 . The stock had closed at $11.01 on the previous day.
The company shares have dropped -34.36% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $17.44 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $11.90 and the 200 Day Moving Average price is recorded at $12.25.
Many analysts have stated their opinion on the company shares. Morgan Stanley downgrades its rating on ING Group N.V. (NYSE:ING). Analysts at the Morgan Stanley have a current rating of Underweight on the shares. The shares were previously rated Equal-weight. The rating by the firm was issued on March 31, 2016. Institutional Investors own 1.76% of ING Group N.V. shares.
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.