Eaton Vance Corporation (EV) : Traders are bullish on Eaton Vance Corporation (EV) as it has outperformed the S&P 500 by a wide margin of 3.97% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.55%, 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 1.06% in the last 1 week, and is up 3.83% 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 2.21% and the 50-Day Moving Average is 7.22%.The 200 Day SMA reached 19.53%. Eaton Vance Corp. is up 10% in the last 3-month period. Year-to-Date the stock performance stands at 26.72%.
Eaton Vance Corporation (NYSE:EV): After opening at $39.85, the stock dipped to an intraday low of $39.69 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $40.27 and the buying power remained strong till the end. The stock closed at $40.13 for the day, a gain of 1.42% for the day session. The total traded volume was 749,754. The stocks close on the previous trading day was $39.57.
Eaton Vance Corp is managing investment funds and providing investment management and advisory services to institutions and high-net-worth individuals. The Company develops and sustains management expertise across a range of investment disciplines and offers investment products and services through multiple distribution channels. The Companys principal investment affiliates Eaton Vance Management, Parametric, Atlanta Capital and Hexavest offer a range of strategies. The Eaton Vance Management offers Equity, income and alternative strategies based on in-depth fundamental analysis. The Parametric offers rules-based alpha-seeking equity, alternative and options strategies and implementation services. The Atlanta Capital actively manages high-quality US stock and bond portfolios constructed using bottom-up fundamental analysis. The Hexavest offer global equity and tactical allocation strategies combining fundamental research and quantitative models.