Is it Time to Dump Itau Unibanco Holding SA ADR (ITUB) Stock After it Has Gained 2.12% in a Week?

Itau Unibanco Holding SA ADR (ITUB) stock is higher by 2.12% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Itau Unibanco Holding SA ADR has a Bearish 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 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. 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 trading at $5.29 as of 10:53 AM on Wednesday, Sep 29, a gain of $0.11, or 2.22% from the previous closing price of $5.17. The stock has traded between $5.18 and $5.31 so far today. Volume today is light. So far 4,703,753 shares have traded compared to average volume of 32,468,812 shares. To see InvestorsObserver's Sentiment Score for 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.