Royal Bank Of Canada (RY) Shares are Up 2.45%

Royal Bank Of Canada (RY) has been under a strong bear grip, hence the stock is down -1.23% 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 2.4% in the past 1 week. The stock has risen by 2.45% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.21% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.66% and the 50-Day Moving Average is 2.64%. Royal Bank Of Canada (NYSE:RY): On Fridays trading session , Opening price of the stock was $61.95 with an intraday high of $62.04. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $61.55. However, the stock managed to close at $61.79, a loss of 0.39% for the day. On the previous day, the stock had closed at $62.03. The total traded volume of the day was 779,659 shares.


Institutional Investors own 46.36% of Royal Bank Of Canada shares. Also, In the latest statement by the brokerage house, Bank of America reinstates its outlook on Royal Bank Of Canada (NYSE:RY). The current rating of the shares is Underperform, according to the research report released by the firm. The rating by the firm was issued on July 12, 2016.

Royal Bank of Canada (RBC) is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. It operates in five segments: Personal & Commercial Banking, which operates comprises its personal and business banking operations, as well as its auto financing and retail investment businesses; Wealth Management, which comprises Canadian Wealth Management, United States and International Wealth Management and Global Asset Management (GAM); Insurance, which operates under two business lines: Canadian Insurance and International Insurance; Investor & Treasury Services, which is a provider of asset servicing, custody, payments and treasury services, and Capital Markets, which comprises two business lines: Corporate and Investment Banking and Global Markets. It operates in three geographic segments: Canada, United States and Other International.

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