MetLife (MET) has been under a strong bear grip, hence the stock is down -6.85% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.77% in the past 1 week. The stock has risen by 1.74% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.5% in the past 4 weeks.
MetLife, Inc. has dropped 8.49% during the last 3-month period . Year-to-Date the stock performance stands at -13.79%. The stock has recorded a 20-day Moving Average of 2.36% and the 50-Day Moving Average is 1.43%.
MetLife (NYSE:MET): The stock opened at $40.12 on Friday but the bulls could not build on the opening and the stock topped out at $40.69 for the day. The stock traded down to $40.07 during the day, due to lack of any buying support eventually closed down at $40.45 with a loss of -0.05% for the day. The stock had closed at $40.47 on the previous day. The total traded volume was 5,796,964 shares.
Also, Deutsche Bank downgrades its rating on MetLife (NYSE:MET). Analysts at the Deutsche Bank have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on July 13, 2016.
MetLife, Inc. (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Companys segments include Retail; Group, Voluntary & Worksite Benefits, and Corporate Benefit Funding. Its three geographic segments are Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). In addition, MetLifes Corporate & Other includes MetLife Home Loans LLC (MLHL), the surviving, non-bank entity of the merger of MetLife Bank, National Association (MetLife Bank) with and into MLHL, and other business activities. Through its subsidiaries and affiliates, it operates in the United States, Japan, Latin America, Asia, Europe and the Middle East. The Companys businesses in the Americas offer a range of protection products and services.