Strategic Advisors LLC Has Cut Hsbc Hldgs Plc Adr New (HSBC) Position by $3.54 Million

HSBC Holdings plc (NYSE:HSBC) Logo

Strategic Advisors Llc decreased its stake in Hsbc Hldgs Plc Adr New (HSBC) by 52.68% based on its latest 2018Q2 regulatory filing with the SEC. Strategic Advisors Llc sold 75,355 shares as the company’s stock declined 12.92% while stock markets rallied. The institutional investor held 67,680 shares of the savings institutions company at the end of 2018Q2, valued at $3.19M, down from 143,035 at the end of the previous reported quarter. Strategic Advisors Llc who had been investing in Hsbc Hldgs Plc Adr New for a number of months, seems to be less bullish one the $162.69 billion market cap company. The stock decreased 3.98% or $1.69 during the last trading session, reaching $40.85. About 458,839 shares traded. HSBC Holdings plc (NYSE:HSBC) has declined 12.03% since December 6, 2017 and is downtrending. It has underperformed by 27.65% the S&P500.

More recent HSBC Holdings plc (NYSE:HSBC) news were published by: Seekingalpha.com which released: “HSBC discloses some U.S. customer accounts were hacked – Seeking Alpha” on November 06, 2018. Also Gurufocus.com published the news titled: “Why Global Payments Could Have Investment Appeal – GuruFocus.com” on November 09, 2018. Seekingalpha.com‘s news article titled: “HSBC: Solid Progress From Third Quarter – Seeking Alpha” with publication date: November 07, 2018 was also an interesting one.

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