Commonwealth Bank of Australia (ASX:CBA) Stock Passes Below 50 Day Moving Average of $80.51

Commonwealth Bank of Australia (ASX:CBA)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $80.51 and traded as low as $80.91. Commonwealth Bank of Australia shares last traded at $81.52, with a volume of 3,140,331 shares.

The business has a fifty day moving average price of A$80.58. The firm has a market cap of $144.31 billion and a P/E ratio of 16.43.

In other Commonwealth Bank of Australia news, insider Catherine Livingstone bought 1,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were bought at an average cost of A$73.20 ($51.91) per share, for a total transaction of A$73,198.00 ($51,913.48).

About Commonwealth Bank of Australia (ASX:CBA)

Commonwealth Bank of Australia provides integrated financial services in Australia, New Zealand, and internationally. The company offers retail, premium, business, and institutional banking; and funds management, superannuation, insurance, investment, and share-broking products and services. It operates through Retail Banking Services, Business and Private Banking, Institutional Banking and Markets, Wealth Management, New Zealand, Bankwest, and IFS and Other Divisions.

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