Toronto Dominion Bank (The) (TD) Shares are Up 2.04%

Toronto Dominion Bank (The) (TD) has been under a strong bear grip, hence the stock is down -0.43% 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 1.98% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.04% in the last 1 week, and is up 0.59% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.44% and the 50-Day Moving Average is 1.89%. Toronto Dominion Bank (The) (NYSE:TD): On Fridays trading session , Opening price of the stock was $44.21 with an intraday high of $44.31. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $43.89. However, the stock managed to close at $44.07, a loss of 0.20% for the day. On the previous day, the stock had closed at $44.16. The total traded volume of the day was 1,033,685 shares.


Institutional Investors own 53.2% of Toronto Dominion Bank (The) shares. Also, Equity analysts at the Brokerage firm Bank of America reinstates its rating on Toronto Dominion Bank (The) (NYSE:TD). The rating major has initiated the coverage with buy rating on the shares. The rating by the firm was issued on July 12, 2016.

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank conducts its business through segments, such as Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses, including credit cards, auto finance, wealth and insurance businesses. U.S. Retail consists of the Banks retail and commercial banking operations operating under the brand TD Bank, Americas Most Convenient Bank, and wealth management services in the United States. Wholesale Banking provides a range of capital markets, investment banking, and corporate banking products and services, including underwriting and distribution of new debt and equity issues, providing advice on strategic acquisitions and divestitures, and meeting the daily trading, funding and investment needs of its clients. The Bank is also an online financial services firm.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.