Investment Technology Group (ITG) has been under a strong bear grip, hence the stock is down -8.72% 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 0.09% in the past 1 week. The stock has risen by 0.06% in the past week indicating that the buyers are active at lower levels, but the stock is down -8.37% in the past 4 weeks.
Investment Technology Group, Inc. has dropped 9.11% during the last 3-month period . Year-to-Date the stock performance stands at -2.98%. The stock has recorded a 20-day Moving Average of 2.09% and the 50-Day Moving Average is 2.15%.
Investment Technology Group (NYSE:ITG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.11 and $15.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.32, notching a gain of 0.49% for the day. The total traded volume was 203,569 . The stock had closed at $16.24 on the previous day.
Also, JP Morgan maintains its view on Investment Technology Group (NYSE:ITG) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. JP Morgan lowers the price target from $18 per share to $17 per share on Investment Technology Group . The rating by the firm was issued on July 29, 2016.
Investment Technology Group, Inc. (ITG) is an independent execution and research broker that partners with global portfolio managers and traders. The Companys subsidiaries include ITG Inc., AlterNet Securities, Inc. (AlterNet), ITG Derivatives LLC (ITG Derivatives), ITG Canada Corp. (ITG Canada), Investment Technology Group Limited (ITG Europe), ITG Australia Limited (ITG Australia), ITG Hong Kong Limited (ITG Hong Kong), ITG Software Solutions, Inc., ITG Solutions Network, Inc., ITG Investment Research, Inc. (ITG Investment Research) and ITG Platforms Inc. Its four operating segments include United States Operations, Canadian Operations, European Operations and Asia Pacific Operations. These segments offer a range of solutions for asset managers and broker-dealers in the areas of electronic brokerage; research, sales and trading; platforms, and analytics.