The Charles Schwab Corporation (NYSE:SCHW) has tumbled 0.25% during the past week and has dropped 3.6% in the last 4 week period. The company has outperformed the S&P 500 by 0.95% in the past week but underperformed the index by 4.48% in the last 4 weeks.
The Charles Schwab Corporation (NYSE:SCHW): The stock opened at $28.55 on Friday but the bulls could not build on the opening and the stock topped out at $28.94 for the day. The stock traded down to $28.27 during the day, due to lack of any buying support eventually closed down at $28.38 with a loss of -0.46% for the day. The stock had closed at $28.51 on the previous day. The total traded volume was 10,044,652 shares.
The company shares have dropped -13.13% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $35.72 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $28.85 and the 200 Day Moving Average price is recorded at $28.43.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Schwab Charles Corp, Adams John K Jr, had purchased 4,900 shares in a transaction dated on May 31, 2016. The transaction was executed at $30.61 per share with total amount equaling $149,989.
Many analysts have stated their opinion on the company shares. Brokerage firm Deutsche Bank maintains its rating on The Charles Schwab Corporation (NYSE:SCHW). As per the latest information, the brokerage house lowers the price target to $33 per share from a prior target of $35. The shares have been rated Buy. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 12.6% of The Charles Schwab Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.89% . Institutional Investors own 77.95% of The Charles Schwab Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -0.88%.
The Charles Schwab Corporation (CSC) is a savings and loan holding company. Through its subsidiaries, the Company engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services to individual investors, retirement plan services and corporate brokerage services. The Advisor Services segment provides custodial, trading, and support services to independent investment advisors (IAs) and retirement business services to independent retirement plan advisors and record keepers. The Company offers a range of products to address individuals varying investment and financial needs. Its product offerings include brokerage, mutual funds, exchange-traded funds (ETFs), advice solutions, banking and trust.