Deutsche Bank AG (DB) has risen sharply, recording gains of 1.39% in the past 4 weeks. However, the stock has corrected -2.16% in the past 1 week, providing a good buying opportunity on dips. Deutsche Bank AG (DB) : During the past 4 weeks, traders have been relatively bearish on Deutsche Bank AG (DB), hence the stock is down -1.07% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.57% relative to the S&P 500.
Deutsche Bank AG (NYSE:DB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.85 and $12.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.15, notching a gain of 3.54% for the day. The total traded volume was 6,015,603 . The stock had closed at $12.70 on the previous day.
The stock has recorded a 20-day Moving Average of 4.32% and the 50-Day Moving Average is 12.27%. Deutsche Bank AG has dropped 22.24% during the last 3-month period . Year-to-Date the stock performance stands at -45.55%.
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.