S&P 500
7,535.80
-0.61%
Dow Jones
52,560.30
-0.30%
Nasdaq 100
29,018.00
-1.82%
Russell 2000
2,978.14
-0.11%
FTSE 100
10,575.30
+0.83%
Nikkei 225
65,910.10
-2.63%

Investing

National Bank of Greece Move Ignores Greek-Euro Risks (NBG)

Photo of Jon C. Ogg
By Jon C. Ogg Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

National Bank of Greece (NYSE: NBG) is somehow managing to avoid what the headline news would dictate right now.  The NBG stock (an ADR) has been under fire from the markets for longer than most care to remember.  It is the sole Greek bank with a New York equity listing on a primary stock exchange.  Shares are up 3.5% in the MOnday pre-market session with shares up around $2.63 after a $2.54 close on Friday and against a 52-week range of $1.64 to $11.85. The move is on the heels of news that Greece has not reached a debt agreement yet and the risk is that a deal is not going to be reached.  It would put Greece in “default” most likely if no deal is reached.

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Jon C. Ogg |

Nationalization and Default Threat Risk Diminishes in Greece

The massive snapback rally on Wednesday in stocks in the United States and Europe is tied to word that Angela…

Jon C. Ogg |

Troubled Trading In NBG (NBG)

National Bank of Greece S.A. (NYSE: NBG) is supposed to be a beneficiary of the Greek debt settlement, at least…

Jon C. Ogg |

Cyprus Deal Saves Its Euro Status, Makes Cyprus Irrelevant Again

ThinkstockCyprus has reached a bailout deal that will keep the tiny island nation in the European Union. As we pointed…

Jon C. Ogg |

A Big Bank Merger in Greece?

National Bank of Greece S.A. (NYSE: NBG) is currently halted for trading, even the ADRs trading in New York. Shares…

Douglas A. McIntyre |

Top Active Trader Alert Stocks (ALU, AVNR, NBG, SIGA, SOLR, YHOO)

Active traders and day traders have many stocks to choose from this Monday morning.  We are tracking news and moves…

Jon C. Ogg |

Nationalization Risk Returns in Greek Banks

The only way to describe the situation around Greece's ongoing negotiations with creditors would be to call it a Greek…

Jon C. Ogg |

Spanish Bailout Hardly Makes A Dent (EWP, STD, BBVA, NBG, TEF, CHU)

When this weekend’s announcement came out of a $125 billion bailout for Spain to prop up its troubled banks, most…

Jon C. Ogg |

Politics and Uncertainty Take NBG Under $1 and Pound the Greek ETF

The world finally has figured out that dealing with Greece's government is becoming like dealing with troubled Latin American markets…

Jon C. Ogg |

Will Last Ditch Efforts Stave off Nationalization in Greece?

There are still risks, but it appears that a last-minute deal to keep Greece in the euro is now much…

Top Gaining Stocks

Abbott Laboratories
ABT • Vol: 31,299,013
J.B. Hunt Transport Services
JBHT • Vol: 2,469,125
Erie Indemnity
ERIE • Vol: 448,793
Dexcom
DXCM • Vol: 6,635,312
Cintas
CTAS • Vol: 4,242,425

Top Losing Stocks

Seagate Technology
STX • Vol: 6,205,240
Corning
GLW • Vol: 17,612,535
Western Digital
WDC • Vol: 10,510,353
Coterra Energy
CTRA • Vol: 73,319,495
Super Micro Computer
SMCI • Vol: 35,519,852