E*TRADE Financial Corporation (ETFC) Shares Slide -2.83%

E*TRADE Financial Corporation (ETFC) has risen sharply, recording gains of 8.76% in the past 4 weeks. However, the stock has corrected -2.83% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.22% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.92% and the 50-Day Moving Average is 0.84%. E*TRADE Financial Corporation has dropped 0.4% during the last 3-month period . Year-to-Date the stock performance stands at -15.38%.


E*TRADE Financial Corporation (NASDAQ:ETFC): On Fridays trading session , Opening price of the stock was $24.96 with an intraday high of $25.145. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $24.7. However, the stock managed to close at $25.08, a loss of 0.20% for the day. On the previous day, the stock had closed at $25.13. The total traded volume of the day was 2,982,555 shares.

Also, Equity Analysts at the Brokerage Firm, Goldman Sachs, downgrades their rating on the shares of E*TRADE Financial Corporation (NASDAQ:ETFC). Goldman Sachs has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. As per the latest report, the brokerage house maintains the price target to $26 per share. The rating by the firm was issued on July 22, 2016.

E*Trade Financial Corporation is a financial services company and an online brokerage industry. The Company offers solutions for individual investors and stock plan participants. The Company offers its customers to take control of its financial futures by providing the products, tools, services and advice they need to meet their near and long term investing goals. The Company provides these services to customers both online and through their network of customer service representatives and Financial Consultants – over the phone and in person at 30 Company branches across the United States. The Company operates a bank with the primary purpose of maximizing the value of deposits generated though its brokerage business.

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