HSBC Holdings plc (HSBC) Shares are Up 1.08%

HSBC Holdings plc (HSBC) has been under a strong bear grip, hence the stock is down -2.17% 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 0.91% in the past 1 week. The stock has risen by 1.08% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.69% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.26% and the 50-Day Moving Average is 5.39%.The 200 Day SMA reached 14.98%


HSBC Holdings plc (NYSE:HSBC): After opening at $37.32, the stock dipped to an intraday low of $37.23 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $37.77 and the buying power remained strong till the end. The stock closed at $37.61 for the day, a gain of 1.21% for the day session. The total traded volume was 2,362,987. The stocks close on the previous trading day was $37.61.

HSBC Holdings plc (HSBC) is the banking and financial services company. The Companys principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. The Company operates in four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). RBWM offers personal banking products and wealth management services. CMB offers a range of commercial financial services and solutions to customers ranging from small and medium-sized enterprises to publicly quoted companies. GB&M provides financial solutions to Government, corporate and institutional clients across the world. GPB offers products and services, which include private banking, investment management and private wealth solutions. It operates in Europe, Asia, Middle East and North Africa, North America and Latin America.

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