Bankrate (RATE) : During the past 4 weeks, traders have been relatively bearish on Bankrate (RATE), hence the stock is down -6.14% 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 -6.78% relative to the S&P 500. The 4-week change in the price of the stock is -5.78% and the stock has fallen -6.81% in the past 1 week.
Bankrate, Inc. has dropped 11.03% during the last 3-month period . Year-to-Date the stock performance stands at -42.41%. The stock has recorded a 20-day Moving Average of 4.62% and the 50-Day Moving Average is 3.46%.
Bankrate (NYSE:RATE): The stock opened at $7.74 on Friday but the bulls could not build on the opening and the stock topped out at $7.79 for the day. The stock traded down to $7.65 during the day, due to lack of any buying support eventually closed down at $7.66 with a loss of -1.54% for the day. The stock had closed at $7.78 on the previous day. The total traded volume was 257,262 shares.
Also, Loop Capital initiates coverage on Bankrate (NYSE:RATE). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm announces the price target at $9 per share. The rating by the firm was issued on August 11, 2016.
Bankrate, Inc. (Bankrate) is a publisher, aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories, including mortgages, deposits, insurance, credit cards, senior care and other personal finance categories. It operates through segments, including Banking, Credit Cards, Insurance and Other. Through its Bankrate.com brand, it provides consumer inquiries to advertisers that are listed in its mortgage and deposit rate tables and that hyperlink their listings. It provides consumer inquiries to credit card issuers and principally record sales after the credit card issuers approve the consumers credit application, primarily through its Credi