The Charles Schwab Corporation (SCHW) has been under a strong bear grip, hence the stock is down -8.75% 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 3.51% in the past 1 week. The stock has risen by 5.05% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.76% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 2.32% and the 50-Day Moving Average is 3.15%.
The Charles Schwab Corporation (NYSE:SCHW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.22 and $26.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.03, notching a gain of 0.41% for the day. The total traded volume was 8,349,396 . The stock had closed at $26.92 on the previous day.
The company Insiders own 12.6% of The Charles Schwab Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.89% . Institutional Investors own 77.95% of The Charles Schwab Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -1.89%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Schwab Charles Corp, Adams John K Jr, had purchased 4,900 shares in a transaction dated on May 31, 2016. The transaction was executed at $30.61 per share with total amount equaling $149,989.
The Charles Schwab Corporation (CSC) is a savings and loan holding company. Through its subsidiaries, the Company engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services to individual investors, retirement plan services and corporate brokerage services. The Advisor Services segment provides custodial, trading, and support services to independent investment advisors (IAs) and retirement business services to independent retirement plan advisors and record keepers. The Company offers a range of products to address individuals varying investment and financial needs. Its product offerings include brokerage, mutual funds, exchange-traded funds (ETFs), advice solutions, banking and trust.