Lowering The 52 Week Low, ING Groep NV ADR (NYSE:ING) Finishing At $11.59

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Shipwreck freeimages.com/Roger Buser
Shipwreck freeimages.com/Roger Buser

ING Groep NV ADR (NYSE:ING)

December 6th, 2018
ING Groep NV ADR fell $0.34 Thursday, a 2.85% drop, closing at $11.59. As well as the drop in value, ING Groep NV ADR hit a new 52 week low of $11.40, breaking the previous low of $11.47 from earlier this July.

ING was outperformed by the rest of the Financials sector which went down only 1.44%.

Analysis results from 1 analyst indicates that ING Groep NV ADR might rise significantly (62%), while Finbox has calculated (with high uncertainty) a fair value price of $12.39.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (2.66%), while Energy saw the biggest drop (1.77%). Healthcare has seen the biggest year-to-date gain at 12%. The biggest loss this year has been the Materials sector dropping 12%.

Communication Services saw the biggest turnaround from its 5-day performance of -1.28%, as it went up 1.04%. Utilities saw a turn around from its 5-day performance of 2.33% trading down 0.10%.

Sector Breakdown

  • Real Estate went up with a 2.66% change.
  • Communication Services went up with a 1.04% change.
  • Consumer Discretionary went up with a 0.61% change.
  • Information Technology went up with a 0.23% change.
  • Utilities went down with a -0.10% change.
  • Consumer Staples went down with a -0.10% change.
  • Healthcare went down with a -0.31% change.
  • Industrials went down with a -0.55% change.
  • Materials went down with a -1.36% change.
  • Financials went down with a -1.44% change.
  • Energy went down with a -1.77% change.

ING Group is based in Amsterdam, Netherlands. ING Group was founded in 1991.

ING Groep NV ADR Info

ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans. It also provides mortgage, payment, savings, investment, and secured and unsecured lending products and services. In addition, the company offers specialized lending, corporate finance, and debt and equity markets solutions, as well as working capital, cash management, and trade and treasury services; and financial market, trade finance, overdraft, and foreign exchange transaction services. The company operates in the Netherlands, Belgium, North America, Latin America, Asia, Australia, and rest of Europe. ING Groep N.V. was founded in 1991 and is headquartered in Amsterdam, the Netherlands.

All amounts in USD unless otherwise indicated
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