Waddell & Reed Financial (NYSE:WDR) has tumbled 4.35% during the past week and has dropped 6.53% 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 3.2%. Waddell & Reed Financial (NYSE:WDR) has underperformed the index by 7.38% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Waddell & Reed Financial (NYSE:WDR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.49 and $18.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.48, notching a gain of 0.43% for the day. The total traded volume was 2,476,435 . The stock had closed at $18.40 on the previous day.
The company shares have dropped -62.52% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $50.17 and the one year low was seen on Jun 16, 2016. The 50-Day Moving Average price is $20.01 and the 200 Day Moving Average price is recorded at $24.15.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Raines James M, director of Waddell & Reed Financial Inc, had unloaded 3,000 shares at an average price of $44.96 in a transaction dated on August 3, 2015. The total value of the transaction was worth $134,880.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Bank of America downgrades its ratings on Waddell & Reed Financial (NYSE:WDR). According to the latest information available, the shares are now rated Underperform by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on March 15, 2016. Currently the company Insiders own 3.7% of Waddell & Reed Financial shares according to the proxy statements. Institutional Investors own 86.81% of Waddell & Reed Financial shares.
Waddell & Reed Financial, Inc. is a mutual fund and asset management company. The Company provides investment management, investment advisory, investment product underwriting and distribution and shareholder services administration to Waddell & Reed Advisors group of mutual funds, Ivy Funds, Ivy Funds Variable Insurance Portfolios, InvestEd Portfolios, 529 college savings and Selector Management Fund SICAV and its Ivy Global Investors sub-funds and institutional and separately managed accounts. The Company operates its business through a distribution network. Its retail products are distributed through its Wholesale channel, which includes third parties, such as other broker/dealers, registered investment advisors and various retirement platforms or through its Advisors channel sales force of independent financial advisors. It also markets investment advisory services to institutional investors, either directly or through consultants, in its Institutional channel.