Cardano’s buying power against PNC Financial Services Group hits new 52-week low

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HHere at CryptocurrenciesChannel.com, we find it interesting to track various ETF and stock prices against various digital assets over time.

We noticed that as of 05/27/2022, Cardano ($ADA) can buy you the less number of PNC (Symbol: PNC) Financial Services Group shares over the past year. For example, if you had 100 Cardano coins and wanted to buy shares of PNC with the proceeds, you could only buy 0.27 shares of PNC. This is against a high of 1.55 shares over the past twelve months. Here’s what that relationship looks like over the past year:

The main driver of the bar chart above has of course been the performance of PNC Financial Services Group shares, versus the performance of Cardano; and here’s how the two compare over the past year based on total return:

PNC Returns Vs. Gimbal

See our historical Cardano price chart and PNC Financial Services Group vs Crypto pages for additional charts. Note that all stock splits and/or dividends are included in the calculation of PNC returns.

Be sure to follow us at CryptocurrenciesChannel.com for more interesting comparisons between the stock market and digital assets!

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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