Waddell & Reed Financial (WDR) Shares Slide -1.99%

Waddell & Reed Financial (WDR) has risen sharply, recording gains of 7.41% in the past 4 weeks. However, the stock has corrected -1.99% 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 3.92% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.34% and the 50-Day Moving Average is 1.22%. Waddell & Reed Financial, Inc. has dropped 7.68% during the last 3-month period . Year-to-Date the stock performance stands at -31.98%.


Waddell & Reed Financial (NYSE:WDR): stock turned positive on Friday. Though the stock opened at $17.96, the bulls momentum made the stock top out at $18.28 level for the day. The stock recorded a low of $17.65 and closed the trading day at $18.26, in the green by 1.44%. The total traded volume for the day was 1,156,305. The stock had closed at $18 in the previous days trading.

Waddell & Reed Financial, Inc. is a mutual fund and asset management company. The Company provides investment management, investment advisory, investment product underwriting and distribution and shareholder services administration to Waddell & Reed Advisors group of mutual funds, Ivy Funds, Ivy Funds Variable Insurance Portfolios, InvestEd Portfolios, 529 college savings and Selector Management Fund SICAV and its Ivy Global Investors sub-funds and institutional and separately managed accounts. The Company operates its business through a distribution network. Its retail products are distributed through its Wholesale channel, which includes third parties, such as other broker/dealers, registered investment advisors and various retirement platforms or through its Advisors channel sales force of independent financial advisors. It also markets investment advisory services to institutional investors, either directly or through consultants, in its Institutional channel.

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