CaixaBank (OTCMKTS:CAIXY) Shares Gap Down – What’s Next?
by Kim Johansen · The Markets DailyShares of CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $4.06, but opened at $3.92. CaixaBank shares last traded at $3.92, with a volume of 410 shares.
Wall Street Analyst Weigh In
CAIXY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of CaixaBank in a research report on Thursday, December 4th. Royal Bank Of Canada restated a “sector perform” rating on shares of CaixaBank in a research note on Monday, November 3rd. Finally, The Goldman Sachs Group raised CaixaBank from a “sell” rating to a “hold” rating in a report on Wednesday, September 24th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, CaixaBank has a consensus rating of “Hold”.
Read Our Latest Report on CaixaBank
CaixaBank Stock Performance
The stock’s 50 day moving average is $3.66 and its two-hundred day moving average is $3.34.
CaixaBank Company Profile
CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.
The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.