Mizuho Financial Group (MFG) : Traders are bullish on Mizuho Financial Group (MFG) as it has outperformed the S&P 500 by a wide margin of 11.37% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.82%, 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 1.25% in the last 1 week, and is up 14.13% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Mizuho Financial Group (NYSE:MFG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.19 and $3.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.23, notching a gain of 1.57% for the day. The total traded volume was 221,123 . The stock had closed at $3.18 on the previous day.
The stock has recorded a 20-day Moving Average of 5.06% and the 50-Day Moving Average is 6.75%. Mizuho Financial Group, Inc. is up 9.49% in the last 3-month period. Year-to-Date the stock performance stands at -20.05%.
Mizuho Financial Group, Inc. is a provider of domestic and international financial services in Japan and other countries. The Company is engaged in banking, trust banking, securities and other businesses related to financial services through its subsidiaries and affiliates. The Company has four segments: Mizuho Bank, Ltd., which offers a range of financial products and services in relation to deposits, lending and exchange settlement to individuals, small and medium enterprises, large corporations, financial institutions, public sector entities and foreign corporations, including foreign subsidiaries of Japanese corporations; Mizuho Trust & Banking Co., Ltd., which offers trust-related products and consulting services; Mizuho Securities Co., Ltd., which offers securities services to corporations, financial institutions, public sector entities and individuals, and Others, which include Trust & Custody Services Bank, Ltd., Mizuho Capital Co., Ltd. and Mizuho Asset Management Co., Ltd.