The Charles Schwab Corporation (SCHW) Shares are Up 2.53%

The Charles Schwab Corporation (SCHW) : Traders are bullish on The Charles Schwab Corporation (SCHW) as it has outperformed the S&P 500 by a wide margin of 7.64% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.56%, 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 2.53% in the last 1 week, and is up 8.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The Charles Schwab Corporation is up 3.67% in the last 3-month period. Year-to-Date the stock performance stands at -6.84%. The stock has recorded a 20-day Moving Average of 4.44% and the 50-Day Moving Average is 9.61%.


The Charles Schwab Corporation (NYSE:SCHW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.15 and $30.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.45, notching a gain of 0.86% for the day. The total traded volume was 6,290,096 . The stock had closed at $30.19 on the previous day.

Also, Brokerage firm Barclays maintains its rating on The Charles Schwab Corporation (NYSE:SCHW). As per the latest information, the brokerage house raises the price target to $34 per share from a prior target of $29. The shares have been rated Overweight. The rating by the firm was issued on August 9, 2016.

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.

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