Credit Suisse Group (CS) has been under a strong bear grip, hence the stock is down -6.08% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.23% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.85% in the last 1 week, and is up 0.26% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Credit Suisse Group (NYSE:CS): The stock opened at $11.65 on Friday but the bulls could not build on the opening and the stock topped out at $11.65 for the day. The stock traded down to $11.50 during the day, due to lack of any buying support eventually closed down at $11.54 with a loss of -0.60% for the day. The stock had closed at $11.61 on the previous day. The total traded volume was 1,895,468 shares.
The stock has recorded a 20-day Moving Average of 4.43% and the 50-Day Moving Average is 6.43%. Credit Suisse Group AG has dropped 22.05% during the last 3-month period . Year-to-Date the stock performance stands at -43.87%.
Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients. The Private Banking & Wealth Management comprises the Wealth Management Clients, Corporate & Institutional Clients and Asset Management businesses. Asset Management offers a range of investment products and solutions across asset classes and for all investment styles, serving governments, institutions, corporations and individuals across the world. Investment Banking offers investment banking and securities products and services to corporate, institutional and government clients around the world. Its products and services include debt and equity underwriting, sales and trading, M&A advice, divestitures, corporate sales, restructuring and investment research.