Commerce Bancshares (CBSH) : Traders are bullish on Commerce Bancshares (CBSH) as it has outperformed the S&P 500 by a wide margin of 4.86% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.14%, 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 2.66% in the last 1 week, and is up 4.72% 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 3.79% and the 50-Day Moving Average is 6.08%.The 200 Day SMA reached 13.08%. Commerce Bancshares, Inc. is up 4.35% in the last 3-month period. Year-to-Date the stock performance stands at 21.1%.
Commerce Bancshares (NASDAQ:CBSH): After opening at $50.5, the stock dipped to an intraday low of $50.33 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $51.06 and the buying power remained strong till the end. The stock closed at $51.02 for the day, a gain of 1.13% for the day session. The total traded volume was 380,739. The stocks close on the previous trading day was $50.45.
Commerce Bancshares, Inc. is a bank holding company of Commerce Bank (the Bank). The Company operates through three segments: Consumer, Commercial and Wealth. The Consumer segment includes the retail branch network, consumer installment lending, personal mortgage banking, consumer debit and credit bank card activities. It provides services through a network of 195 branches, an automated teller machine (ATM) network of 392 machines, and the use of alternative delivery channels, such as online banking, mobile, and telephone banking services. The Commercial segment provides an array of corporate lending, merchant and commercial bank card products, leasing, and international services, as well as business and government deposit and cash management services. The Wealth segment provides trust and estate tax planning services, brokerage services, and advisory and discretionary investment portfolio management services to both personal and institutional corporate customers.