Shares of Mitsubishi UFJ Financial Group Inc (MTU) Rally 13.59%

Mitsubishi UFJ Financial Group Inc (MTU) : Traders are bullish on Mitsubishi UFJ Financial Group Inc (MTU) as it has outperformed the S&P 500 by a wide margin of 0.93% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 11.92%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 13.59% in the last 1 week, and is up 5.34% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 7.95% and the 50-Day Moving Average is 5.39%.

Mitsubishi UFJ Financial Group Inc (NYSE:MTU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.90 and $4.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.93, notching a gain of 2.92% for the day. The total traded volume was 1,806,162 . The stock had closed at $4.79 on the previous day.

Mitsubishi

Institutional Investors own 0.99% of Mitsubishi UFJ Financial Group Inc shares.

Mitsubishi UFJ Financial Group, Inc. (MUFJ) is a bank holding company. The Company is a bank holding company for The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), Mitsubishi UFJ Trust and Banking Corporation (MUTB), Mitsubishi UFJ Securities Holdings Co., Ltd. (MUSHD), Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (MUMSS), Mitsubishi UFJ NICOS Co., Ltd., and other companies engaged in a range of financial businesses. Its operating segments include Integrated Retail Banking Business Group, which covers retail businesses, including commercial banking, trust banking and securities businesses, and offers a range of banking products and services; Integrated Corporate Banking Business Group, which covers domestic corporate businesses, including commercial banking, investment banking, trust banking and securities businesses, and Integrated Trust Assets Business Group, which covers asset management and administration services for products, such as pension trusts and security trusts.

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