Waddell & Reed Financial (WDR) has been under a strong bear grip, hence the stock is down -1.15% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.2% in the past 1 week. The stock has risen by 2.37% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.68% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.88% and the 50-Day Moving Average is 1.38%.The 200 Day SMA reached 12.5%
Waddell & Reed Financial (NYSE:WDR): After opening at $17.85, the stock dipped to an intraday low of $17.7 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $18.3 and the buying power remained strong till the end. The stock closed at $18.16 for the day, a gain of 3.18% for the day session. The total traded volume was 1,051,306. The stocks close on the previous trading day was $18.16.
Waddell & Reed Financial (WDR) : Average target price received by Waddell & Reed Financial (WDR) is $20.8 with an expected standard deviation of $4.76. The most aggressive target on the stock is $26, whereas the most downbeat target is $17. 5 financial analysts are currently covering the stock.
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.