Why is Key Corp falling/rising?
As of 06-Nov, Key Corp Ltd's stock price is Rs. 81.00, down 8.19% and at a 52-week low. The stock has significantly underperformed the market, with a year-to-date decline of 73.72%, indicating a bearish trend and lack of buying support.
As of 06-Nov, Key Corp Ltd's stock price is currently at Rs. 81.00, reflecting a decline of Rs. 7.23 or 8.19%. The stock has recently hit a new 52-week low of Rs. 80 and has been on a downward trend, having fallen consecutively for the last two days with a total return of -11.96% during this period. The stock has underperformed its sector by 7.36% today, and it is trading below all its moving averages, indicating a bearish sentiment. Additionally, despite a high intraday volatility of 5.88%, the weighted average price suggests that more volume was traded closer to the low price, which may indicate a lack of buying support. There is no information available regarding positive or negative factors impacting the stock.Broader market context shows that Key Corp's performance over the past week has been significantly worse than the benchmark, with a return of -12.05% compared to the Sensex's -1.30%. Over the past month, the stock has declined by 29.10%, while the benchmark has gained 1.86%. Year-to-date, Key Corp has experienced a staggering drop of 73.72%, contrasting sharply with the Sensex's increase of 6.62%. This stark difference in performance highlights the challenges faced by Key Corp in the current market environment, contributing to the ongoing decline in its stock price.
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