Capital One Financial Corporation (COF) : Traders are bullish on Capital One Financial Corporation (COF) as it has outperformed the S&P 500 by a wide margin of 2.69% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.09%, 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 1.52% 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.
Capital One Financial Corporation (NYSE:COF): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.10 and $67.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $68.10, notching a gain of 2.87% for the day. The total traded volume was 3,695,909 . The stock had closed at $66.20 on the previous day.
The stock has recorded a 20-day Moving Average of 1.78% and the 50-Day Moving Average is 2.19%. Capital One Financial Corporation has dropped 0.7% during the last 3-month period . Year-to-Date the stock performance stands at -3.92%.
Capital One Financial Corporation (COF) : The highest level Capital One Financial Corporation (COF) is projected to reach is $100 for the short term and the lowest estimate is at $59. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $76.72 and the possibility the share price can swing is $10.7.
Capital One Financial Corp is a diversified financial services holding company. The Company and its subsidiaries offer a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. In addition to bank lending, treasury management and depository services, the Company offers credit and debit card products, auto loans and mortgage banking in markets across the United States. The Company operates three primary business segments: Credit Card, Consumer Banking and Commercial Banking. The Companys principal subsidiaries include the following: Capital One Bank (USA), National Association (COBNA), which offers credit and debit card products, other lending products and deposit products, and Capital One, National Association (CONA), which offers a range of banking products and financial services to consumers, small businesses and commercial clients.