Shares of Deutsche Bank AG (DB) Rally 11.26%

Deutsche Bank AG (DB) has been under a strong bear grip, hence the stock is down -11.49% 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 9.62% in the past 1 week. The stock has risen by 11.26% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.62% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 0.71% and the 50-Day Moving Average is 9.26%.

Deutsche Bank AG (NYSE:DB): The stock opened at $14.62 on Friday but the bulls could not build on the opening and the stock topped out at $14.62 for the day. The stock traded down to $14.38 during the day, due to lack of any buying support eventually closed down at $14.43 with a loss of -0.76% for the day. The stock had closed at $14.54 on the previous day. The total traded volume was 3,496,673 shares.


Institutional Investors own 22.56% of Deutsche Bank AG shares.

Deutsche Bank AG is a global investment bank, which offers a range of products and services in investment, corporate and retail banking, as well as in asset and wealth management. The Group operates through five corporate divisions: Corporate Banking & Securities (CB&S), Private & Business Clients (PBC), Global Transaction Banking (GTB), Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Operations Unit (NCOU). CB&S consists of two business divisions, Corporate Finance and Markets, which offers a range of financial products. PBC consists of three business units, Private and Commercial Banking, Advisory Banking International and Postbank. GTB delivers commercial banking products and services to corporate clients and financial institutions. Deutsche AWM is an investment organization which offers investments across various asset classes to individuals and institutions. NCOU operates as a separate division alongside Deutsche Banks core businesses.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *