UBS opened at $19.89 today before posting solid session gaining 1.28%

Published: May 26 2023, 22:41 GMT+0

UBS opened at $19.89 today before posting solid session gaining 1.28%

Today at a glance: the Swiss bank giant rallied 1.28% and maintained $19.85.

On the flip side, highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%. United States Pending Home Sales fell short of the 0.5% projections, with new data of 0%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3.

A look at other financials stocks also showed bullish price action as American Express added 4.08% to its value, and traded at $157.24. Goldman Sachs gained 2.51%, as it traded at $332. The Blackstone Group Inc. added 2.6% to its value, and traded at $85.7.

On a negative trend for around a month. The Swiss banking juggernaut reached a significant high of $22.16 around 2 months ago but has lost 11.55% since then.

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