HSBC Holdings plc (HSBC) : The total negative money flow of $0.93 million on Thursday indicates selling on strength. The inflow of money on upticks was $0.47 million, compared to $1.4 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.33. The negative money flow of $1 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $1 million. The price action in the HSBC Holdings plc (HSBC) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $30.43 with a gain of $0.24 , a change of 0.79% over the previous days close. The stock registered -2.87% for the week.
The stock has recorded a 20-day Moving Average of 3.67% and the 50-Day Moving Average is 4.99%.
HSBC Holdings plc (NYSE:HSBC): The stock opened at $30.45 on Thursday but the bulls could not build on the opening and the stock topped out at $30.50 for the day. The stock traded down to $29.88 during the day, due to lack of any buying support eventually closed down at $30.02 with a loss of -0.56% for the day. The stock had closed at $30.19 on the previous day. The total traded volume was 3,543,044 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.