Waddell & Reed Financial (WDR) Shares are Up 1.69%

Waddell & Reed Financial (WDR) : Traders are bullish on Waddell & Reed Financial (WDR) as it has outperformed the S&P 500 by a margin of 0.35% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.07%, 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 1.69% in the last 1 week, and is up 7.13% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Waddell & Reed Financial (NYSE:WDR): The stock opened at $18.65 on Friday but the bulls could not build on the opening and the stock topped out at $18.79 for the day. The stock traded down to $18.39 during the day, due to lack of any buying support eventually closed down at $18.63 with a loss of -0.37% for the day. The stock had closed at $18.70 on the previous day. The total traded volume was 1,005,909 shares.


The stock has recorded a 20-day Moving Average of 8.1% and the 50-Day Moving Average is 0.57%. Waddell & Reed Financial, Inc. has dropped 18.06% during the last 3-month period . Year-to-Date the stock performance stands at -30.61%.

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.

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