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HSBC insiders buy into mini-rally

Ewen Stevenson and James Forese have several new reasons to feel bullish
November 4, 2020
  • CFO purchases are followed by $0.5m share purchase by non-exec
  • Director dealings follow improving sentiment toward the bank
IC TIP: Hold at 335p

In the past month, the share price of HSBC (HSBA) has changed trajectory. At 335p, the stock is now up 19 per cent on September's multi-decade low, compared to a rise of less than 2 per cent for Asia-focused rival Standard Chartered (STAN).

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