Is it Time to Dump Turkiye Garanti Bankasi A S ADR (TKGBY) Stock After it Has Fallen 17.95% in a Week?

Turkiye Garanti Bankasi A S ADR (TKGBY) stock has fallen 17.95% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Turkiye Garanti Bankasi A S ADR has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TKGBY!

See Full TKGBY Report

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 TKGBY Stock Today?

Turkiye Garanti Bankasi A S ADR (TKGBY) stock is trading at $0.96 as of 9:37 AM on Tuesday, Nov 23, a decline of -$0.11, or -10.28% from the previous closing price of $1.07. Volume today is above average. So far 2,011,264 shares have traded compared to average volume of 76,883 shares. The stock has traded between $0.96 and $0.98 so far today. To see InvestorsObserver's Sentiment Score for Turkiye Garanti Bankasi A S ADR click here.

More About Turkiye Garanti Bankasi A S ADR

Turkiye Garanti Bankasi AS is an integrated financial services group operating primarily in Turkey, but with subsidiaries in the Netherlands, Russia, and Romania. It is a full-service bank offering corporate, commercial, retail, private, small to midsize enterprise, and investment banking services. Other financial services include insurance, leasing, brokerage, and asset management services. The bank's strategy emphasizes customer service. Its vast majority of its earning assets consist of loans, with strong positioning in consumer loans, mortgages, and auto loans. The company loan portfolio is diversified across various industries, notably real estate and rental services, wholesale and retail trade, and the production industries. Click Here to get the full Stock Report for Turkiye Garanti Bankasi A S ADR stock.