Bankrate (RATE) : Traders are bullish on Bankrate (RATE) as it has outperformed the S&P 500 by a wide margin of 1.03% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.47%, 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 2.99% in the last 1 week, and is up 0.89% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.26% and the 50-Day Moving Average is 0.56%.The 200 Day SMA reached 19.88%. Bankrate, Inc. has dropped 10.61% during the last 3-month period . Year-to-Date the stock performance stands at -40.45%.
Bankrate (NYSE:RATE): After opening at $7.82, the stock dipped to an intraday low of $7.77 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $7.98 and the buying power remained strong till the end. The stock closed at $7.92 for the day, a gain of 1.67% for the day session. The total traded volume was 337,665. The stocks close on the previous trading day was $7.79.
Bankrate, Inc. (Bankrate) is a publisher, aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories, including mortgages, deposits, insurance, credit cards, senior care and other personal finance categories. It operates through segments, including Banking, Credit Cards, Insurance and Other. Through its Bankrate.com brand, it provides consumer inquiries to advertisers that are listed in its mortgage and deposit rate tables and that hyperlink their listings. It provides consumer inquiries to credit card issuers and principally record sales after the credit card issuers approve the consumers credit application, primarily through its Credi