E*TRADE Financial Corporation (ETFC) has been under a strong bear grip, hence the stock is down -3.68% 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 4% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.55% in the last 1 week, and is up 0.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.36% and the 50-Day Moving Average is 1.51%.
E*TRADE Financial Corporation (NASDAQ:ETFC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.12 and $24.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.90, notching a gain of 0.20% for the day. The total traded volume was 3,244,754 . The stock had closed at $24.85 on the previous day.
The company Insiders own 0.25% of E*TRADE Financial Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.34% . Institutional Investors own 93.28% of E*TRADE Financial Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -17.22%. In a related news, Simonich Brent, officer (Principal Accounting Officer) of E Trade Financial Corp, unloaded 3,994 shares at an average price of $26.22 on April 26, 2016. The total amount of the transaction was worth $104,723, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.