Shares of HSBC Holdings plc (HSBC) Sees Large Inflow of Net Money Flow

HSBC Holdings plc (HSBC) : $1.25 million worth of transactions were on upticks in HSBC Holdings plc (HSBC), compared to $0.67 million on downticks. The ratio between the two was 1.86, whereas, the net money flow stood at a healthy $0.58 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $0.92million worth of trades. The total money flow into the stock stood at $0.92 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.21%. The stock was trading at $37.51, with a drop of $0.08 over the previous days close. The stock recorded 0.81% for the week.


HSBC Holdings plc has dropped 2.6% in the last five trading days, however, the shares have posted positive gains of 3.6% in the last 4 weeks. HSBC Holdings plc is up 23.84% in the last 3-month period. Year-to-Date the stock performance stands at 0.88%.

HSBC Holdings plc (HSBC) : The consensus on HSBC Holdings plc (HSBC) based on 3 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

HSBC Holdings plc (NYSE:HSBC): stock was range-bound between the intraday low of $37.03 and the intraday high of $37.53 after having opened at $37.49 on Wednesdays session. The stock finally closed in the red at $37.49, a loss of -0.43%. The stock remained in the red for the whole trading day. The total traded volume was 1,579,230 shares. The stock failed to cross $37.53 in Wednesdays trading. The stocks closing price on Thursday was $37.59.

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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