Barclays PLC (BCS) has risen sharply, recording gains of 10.52% in the past 4 weeks. However, the stock has corrected -1.82% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.84% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Barclays PLC (NYSE:BCS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.00 and $7.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.09, notching a gain of 1.63% for the day. The total traded volume was 4,912,566 . The stock had closed at $7.96 on the previous day.
The stock has recorded a 20-day Moving Average of 1.97% and the 50-Day Moving Average is 8.25%. Barclays PLC has dropped 14.03% during the last 3-month period . Year-to-Date the stock performance stands at -36.29%.
Barclays PLC (Barclays) is a global financial services holding company. The Company operates in five business segments: Personal and Corporate Banking (PCB), Barclaycard, Africa Banking, Investment Bank and Head Office. Barclays Bank PLC is a wholly owned subsidiary of Barclays. The Personal and Corporate Banking (PCB) comprises personal banking, mortgages, wealth & investment management, and corporate banking. Barclaycard is an international payments services provider. The Africa Banking business is managed under three primary businesses. Its businesses include retail and business banking (RBB); wealth, investment management and insurance (WIMI); corporate and investment banking (CIB), as well as an Africa Head Office function. The Investment Bank consists of origination-led and returns-focused markets. Head Office comprises head office and central support functions. It also includes the businesses in transition and consolidation adjustments.