ICICI Bank Limited (IBN) : During the past 4 weeks, traders have been relatively bearish on ICICI Bank Limited (IBN), hence the stock is down -3.48% 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 -3.84% relative to the S&P 500. The 4-week change in the price of the stock is -1.08% and the stock has fallen -3.43% in the past 1 week.
ICICI Bank Limited (NYSE:IBN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.38 and $7.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.32, notching a gain of 0.69% for the day. The total traded volume was 5,309,734 . The stock had closed at $7.27 on the previous day.
The stock has recorded a 20-day Moving Average of 5.23% and the 50-Day Moving Average is 0.69%. ICICI Bank Ltd. is up 12.72% in the last 3-month period. Year-to-Date the stock performance stands at -4.55%.
ICICI Bank Limited is a banking company. The Bank is a financial services group providing a range of banking and financial services including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services. Its operating segments include Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance and Others. Retail banking includes exposures of the Bank, which satisfy the criteria of orientation, product, granularity and low value of individual exposures for retail exposures laid down in Basel Committee on Banking Supervision document International Convergence of Capital Measurement and Capital Standards: A Revised Framework. Wholesale banking includes all advances of the Bank to trusts, partnership firms, companies and statutory bodies. Treasury includes the entire investment and derivative portfolio of the Bank.