Nomura Holdings Inc ADR (NMR) : Traders are bullish on Nomura Holdings Inc ADR (NMR) as it has outperformed the S&P 500 by a wide margin of 12.82% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.25%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.22% in the last 1 week, and is up 13.25% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Nomura Holdings, Inc. is up 8.89% in the last 3-month period. Year-to-Date the stock performance stands at -18.38%. The stock has recorded a 20-day Moving Average of 4.32% and the 50-Day Moving Average is 13.3%.
Nomura Holdings Inc ADR (NYSE:NMR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.50 and $4.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.53, notching a gain of 0.67% for the day. The total traded volume was 91,791 . The stock had closed at $4.50 on the previous day.
Also, JP Morgan initiates coverage on Nomura Holdings Inc ADR (NYSE:NMR). The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Underweight. The rating by the firm was issued on July 29, 2016.
Nomura Holdings, Inc. (Nomura) is a Japan-based financial services company. The Company operates through three business segments: Retail, Asset Management and Wholesale. The Retail segment provides investment consultation services to individual clients in Japan. The Asset Management segment develops and manages investment trusts, and provides investment advisory services. The Wholesale segment is engaged in the sales and trading of debt and equity securities, derivatives, and currencies on a global basis, and provides investment banking services, such as the underwriting of debt and equity securities, as well as mergers and acquisitions and financial advice. Its business lines include retail banking, commercial banking, payment and settlement, retail brokerage, trading and sales, corporate finance, agency services and asset management. Nomura through its subsidiaries operates offices in countries and regions across the world.