Overall market sentiment has been high on Banco Bradesco SA (BBD) stock lately. BBD receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Banco Bradesco SA has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BBD!
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With BBD Stock Today?
Banco Bradesco SA (BBD) stock is trading at $3.29 as of 10:23 AM on Monday, Nov 27, a drop of -$0.01, or -0.45% from the previous closing price of $3.30. The stock has traded between $3.28 and $3.32 so far today. Volume today is low. So far 995,707 shares have traded compared to average volume of 16,461,976 shares.
To see InvestorsObserver's Sentiment Score for Banco Bradesco SA click here.
More About Banco Bradesco SA
Banco Bradesco is Brazil's second largest private bank, with about 15% of deposits, and the largest insurance provider in Brazil, with roughly 20%-25% market share. The bank is majority controlled by the Bradesco foundation--a private non-profit institution focused on education. Banking provides roughly 70% of profits, while the insurance segment contributes the remaining 30%. The bank is also a major asset manager with high-single-digit market share.
Click Here to get the full Stock Report for Banco Bradesco SA stock.
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