HSBC Holdings plc (ADR) (NYSE:HBC) led drops in Asian financial stocks following Moody’s Investors Service declared the turmoil in Cyprus may have pessimistic implications for bank ratings crossways Europe.
A Hong Kong-based analyst at Mizuho Securities Asia Ltd, Jim Antos stated that from the social forecast point of outlook and the idea of custody depositor confidence in universal, this is a awful precedent to set. He added that People in Europe are almost certainly going to think hard about how much money they should put in a container can and bury in the back yard.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Itau Unibanco Holding SA (ADR) (NYSE:ITUB) lost -0.06%, Barclays PLC (ADR) (NYSE:BCS) edged down -0.36%, UBS AG (USA) (NYSE:UBS) which also increased +0.92% and Banco Santander, S.A. (ADR) (NYSE:SAN) closed up +0.26%.
HSBC Holdings plc (ADR) (NYSE:HBC) stock’s trade at beginning with a price of $55.02 and throughout the trading session climbed at a high of $55.09 other than when day-trade ended the stock finally decreased -2.10% to $54.54.
The stock is going forward its 52 week low with 44.20% and lagging behind from its 52 week high price with -4.93%. HBC last month stock price volatility remained 1.04%.
HBC stock institutional ownership remained 3.14% while insider ownership included 0.27%. In its share capital HBC has 3.70 billion outstanding shares among them 3.69 million shares have been floated in market exchange.
Company’s beta coefficient included 1.22. Beta factors measures the amount of market risk associated with market trade.
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