How Will the Market React to Itau Unibanco Holding SA ADR (ITUB) Stock Getting a Bullish Rating

Overall market sentiment has been high on Itau Unibanco Holding SA ADR (ITUB) stock lately. ITUB receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Itau Unibanco Holding SA ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ITUB!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With ITUB Stock Today?

Itau Unibanco Holding SA ADR (ITUB) stock is lower by -2.57% while the S&P 500 has risen 0.6% as of 11:13 AM on Tuesday, Oct 19. ITUB is down -$0.12 from the previous closing price of $4.48 on volume of 9,143,596 shares. Over the past year the S&P 500 is up 31.71% while ITUB has risen 6.07%. ITUB earned $0.51 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.42. To screen for more stocks like Itau Unibanco Holding SA ADR click here.

More About Itau Unibanco Holding SA ADR

Itau Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itau and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Its commercial and consumer loans account for 33% and 41% of the bank's total loans, respectively, while foreign loans now account for 26% of the bank's portfolio. In addition to banking, Itau operates the fourth-largest insurer in Brazil; it specializes in consumer-related insurance. Click Here to get the full Stock Report for Itau Unibanco Holding SA ADR stock.