Shares of HSBC Holdings plc (HSBC) Rally 4.42%

HSBC Holdings plc (HSBC) has been under a strong bear grip, hence the stock is down -2% 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 2.89% 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 4.42% in the last 1 week, and is up 2.28% 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 2.29% and the 50-Day Moving Average is 1.59%.

HSBC Holdings plc (NYSE:HSBC): The stock opened at $31.87 on Friday but the bulls could not build on the opening and the stock topped out at $31.91 for the day. The stock traded down to $31.65 during the day, due to lack of any buying support eventually closed down at $31.86 with a loss of -0.09% for the day. The stock had closed at $31.89 on the previous day. The total traded volume was 2,603,297 shares.


Institutional Investors own 2.4% of HSBC Holdings plc shares.

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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