The NASDAQ OMX Group (NDAQ) : Traders are bullish on The NASDAQ OMX Group (NDAQ) as it has outperformed the S&P 500 by a wide margin of 3.51% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.44%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.41% in the last 1 week, and is up 3.91% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Nasdaq, Inc. is up 11.27% in the last 3-month period. Year-to-Date the stock performance stands at 22.16%. The stock has recorded a 20-day Moving Average of 0.26% and the 50-Day Moving Average is 4.8%.
The NASDAQ OMX Group (NASDAQ:NDAQ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $70.12 and $69.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.44, notching a gain of 0.17% for the day. The total traded volume was 697,452 . The stock had closed at $70.32 on the previous day.
Also, Barclays maintains their rating on the shares of The NASDAQ OMX Group (NASDAQ:NDAQ). The current rating of the shares is Overweight. Equity Analysts at the Firm raises the price target to $80 per share from $74 per share. The rating by the firm was issued on August 9, 2016.
Nasdaq Inc (Nasdaq), formerly The NASDAQ OMX Group, Inc., is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across six continents. The Company manages, operates and provides its products and services in four segments: Market Services, Listing Services, Information Services and Technology Solutions. The Companys Market Services segment includes its equity derivative trading and clearing, cash equity trading, fixed income, currency and commodities trading and clearing, and access and broker services businesses. The Company operates a range of listing platforms around the world to provide multiple global capital raising solutions for private and public companies. Its Information Services segment includes its Data Products and its Index Licensing and Services businesses. Its Technology Solutions segment includes its Corporate Solutions and Market Technology businesses.