Banco Macro SA ADR Class B (BMA) stock has risen 10.47% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With BMA Stock Today?
Banco Macro SA ADR Class B (BMA) stock is trading at $25.21 as of 9:53 AM on Tuesday, Aug 4, an increase of $1.75, or 7.46% from the previous closing price of $23.46. The stock has traded between $24.78 and $26.79 so far today. Volume today is light. So far 149,618 shares have traded compared to average volume of 552,815 shares.
To see the top 5 stocks in the Banks - Regional industry click here.
More About Banco Macro SA ADR Class B
Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs. It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. The firm generates most of its revenue from Argentina.
