TD Ameritrade Holding Corporation (AMTD) has risen sharply, recording gains of 8.51% in the past 4 weeks. However, the stock has corrected -0.39% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.98% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.37% and the 50-Day Moving Average is 1.44%. TD Ameritrade Holding Corporation is up 1.78% in the last 3-month period. Year-to-Date the stock performance stands at -11.5%.
TD Ameritrade Holding Corporation (NYSE:AMTD): On Fridays trading session , Opening price of the stock was $30.47 with an intraday high of $30.6. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $30.03. However, the stock managed to close at $30.36, a loss of 1.08% for the day. On the previous day, the stock had closed at $30.69. The total traded volume of the day was 2,221,690 shares.
Also, In a research note released to the investors, Deutsche Bank downgrades its rating on TD Ameritrade Holding Corporation (NYSE:AMTD).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 20, 2016.
TD Ameritrade Holding Corporation (TD Ameritrade) is an investment banking and a retail discount securities brokerage company. The parent company is Delaware Corporation. The Company provides securities brokerage services and related technology-based financial services to retail investors, traders and independent registered investment advisors (RIAs). The Company provides its services through the Internet, a national branch network and relationships with RIAs. The Company offers various products and services to its client, primarily, trading in common and preferred stocks, American Depository Receipts, closed-end funds, Exchange Traded Funds, Futures & Options, Foreign Exchange, Mutual Funds, Fixed Income securities, New and secondary issue securities, Margin lending, Cash Management Services and Annuities. The Companys client offerings are primarily provided through Trading and Investing Platforms and Other Offerings.