Stocks of UBS AG (NYSE:UBS) rallied by 2.65% during the past week but lost 0.81% on a 4-week basis. The company has outperformed the S&P 500 by 3.88% in the past week but underperformed the index by 1.71% in the last 4 weeks.
UBS AG (NYSE:UBS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.45 and $14.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.71, notching a gain of 4.25% for the day. The total traded volume was 3,192,302 . The stock had closed at $14.11 on the previous day.
The company shares have dropped -32.46% from its 1 Year high price. On Aug 3, 2015, the shares registered one year high at $23.19 and the one year low was seen on Jun 14, 2016. The 50-Day Moving Average price is $15.13 and the 200 Day Moving Average price is recorded at $16.41.
Many analysts have stated their opinion on the company shares. Barclays upgrades their rating on the shares of UBS AG (NYSE:UBS). The current rating of the shares is Overweight. Earlier, the shares were rated a Equal-weight by the brokerage firm. The rating by the firm was issued on June 9, 2016. Currently the company Insiders own 1% of UBS AG shares according to the proxy statements. Institutional Investors own 27.41% of UBS AG shares.
UBS Group AG is a holding company of the UBS Group. The Companys businesses are organized globally into five business segments: Wealth Management, Wealth Management Americas, Retail & Corporate, Global Asset Management and the Investment Bank. The Company provides private, institutional and corporate customers around the world, as well as retail customers in Switzerland with financial advice and solutions. Corporate Center includes Core Functions and Non-core and Legacy Portfolio. Core Functions include Group-wide control functions, such as finance, including treasury services, such as liquidity, funding, balance sheet and capital management; risk control, including compliance, and legal. In addition, Core Functions provide all logistics and support services. Non-core and Legacy Portfolios consists of the non-core businesses and legacy positions.