UBS AG (UBS) : Traders are bullish on UBS AG (UBS) as it has outperformed the S&P 500 by a wide margin of 4.16% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.92%, 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 2.97% in the last 1 week, and is up 5.24% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.38% and the 50-Day Moving Average is 1.29%. UBS AG (NYSE:UBS): stock turned positive on Friday. Though the stock opened at $13.89, the bulls momentum made the stock top out at $13.905 level for the day. The stock recorded a low of $13.8 and closed the trading day at $13.86, in the green by 0.58%. The total traded volume for the day was 1,210,035. The stock had closed at $13.78 in the previous days trading.
The company Insiders own 1% of UBS AG shares according to the proxy statements. Institutional Investors own 27.17% of UBS AG shares. Also, Bernstein initiates coverage on UBS AG (NYSE:UBS). The current rating of the shares is Underperform, according to the research report released by the firm. The rating by the firm was issued on July 12, 2016.
UBS Group AG is a holding company of the UBS Group. The Companys businesses are organized globally into five business segments: Wealth Management, Wealth Management Americas, Retail & Corporate, Global Asset Management and the Investment Bank. The Company provides private, institutional and corporate customers around the world, as well as retail customers in Switzerland with financial advice and solutions. Corporate Center includes Core Functions and Non-core and Legacy Portfolio. Core Functions include Group-wide control functions, such as finance, including treasury services, such as liquidity, funding, balance sheet and capital management; risk control, including compliance, and legal. In addition, Core Functions provide all logistics and support services. Non-core and Legacy Portfolios consists of the non-core businesses and legacy positions.