Does Mitsubishi UFJ Financial Group, Inc. (MUFG) Have Any Gas After Reaching 1 Year Low?

June 17, 2018 - By Marie Mckinney

The stock of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) hit a new 52-week low and has $5.42 target or 8.00 % below today’s $5.89 share price. The 9 months bearish chart indicates high risk for the $77.98B company. The 1-year low was reported on Jun, 17 by Barchart.com. If the $5.42 price target is reached, the company will be worth $6.24 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.48% or $0.15 during the last trading session, reaching $5.89. About 1.76M shares traded or 25.74% up from the average. Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) has 0.00% since June 17, 2017 and is . It has underperformed by 12.57% the S&P500.

More recent Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) news were published by: Prnewswire.com which released: “Union Bank Expands San Francisco Wealth Advisor Team” on June 07, 2018. Also Prnewswire.com published the news titled: “Akamai and MUFG Announce Blockchain-Based Payment Network” on May 21, 2018. Investorplace.com‘s news article titled: “20 Stocks With Renewed Bull Cases After Trump-Kim Summit” with publication date: June 13, 2018 was also an interesting one.

Mitsubishi UFJ Financial Group, Inc., a bank holding company, provides financial services in Japan and internationally. The company has market cap of $77.98 billion. The Company’s Retail Banking Business Group segment offers banking services and products, including financial consulting services; deposit products, such as non-interest-bearing deposit accounts; asset management and administration services; trust products; and other investment products. It has a 8.78 P/E ratio. This segment also provides annuity, single premium whole life, flat-rate premium whole life, medical, cancer, and nursing-care insurance products; testamentary trust services; housing loans; Internet banking services; and credit cards.

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