Despite starting today with a drop of about 3%, the Westpac Banking Corp stock (WBC) has been on a strong bullish outlook in the last five days. The Bull Run follows the appointment of a new CEO for Fiji on February 7.
To help stock traders eying the Westpac Banking Corp stock (WBC), Invezz has created a brief article on what it is and the best places to buy it.
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WBC stock is the stock of Westpac Banking Corporation and it trades on the Australian Securities Exchange under the ticker ASX: WBC.
The Westpac Banking Corporation, which is commonly referred to simply just as Westpac, is an Australian bank and financial services provider headquartered in Sydney, Australia.
It was founded in 1817 under the name ‘Bank of New South Wales.
Bank of New South Wales then acquired the Commercial Bank of Australia in 1982 after which it rebranded to the current name of Westpac Banking Corporation.
If you are looking to take advantage of a stock that has been on a constant rise since January this year, then the $WBC stock could be a good choice.
However, there are signs of a pullback especially after it started today with a drop of -0.62 (-2.60%).
Based on a forecast from several stock analysts, the price of Westpac Banking Corp stock (WBC) is expected to resume its general bullish trend in a few days and continue with its current Bull Run. It is expected to hit 25 AUD by the end of February.
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