The Charles Schwab Corporation (SCHW): Price Target and June Short Interest Disclosure

The Charles Schwab Corporation (SCHW) : The most positive equity analysts on The Charles Schwab Corporation (SCHW) expects the shares to touch $34, whereas, the least positive believes that the stock will trade at $27 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $30.4 with an expected fluctuation of $2.59 from the mean.

The Charles Schwab Corporation (SCHW) reported a drop of 5.6% or 1,024,891 shares in its short interest. The short figure came in at 1.5% of the total floats. The average daily volume of 17,130,091 shares suggests that the days to cover 17,190,569 short positions, as on June 30,2016, will be 1. On June 15,2016, the short interest was 18,215,460 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity analysts at the Brokerage firm Barclays maintains its rating on The Charles Schwab Corporation (NYSE:SCHW). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Barclays lowers the price target from $33 per share to $29 per share. The rating by the firm was issued on July 7, 2016.


The Charles Schwab Corporation (NYSE:SCHW): stock turned positive on Thursday. Though the stock opened at $27.12, the bulls momentum made the stock top out at $27.33 level for the day. The stock recorded a low of $26.78 and closed the trading day at $26.92, in the green by 1.85%. The total traded volume for the day was 7,718,209. The stock had closed at $26.43 in the previous days trading.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.