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!
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.
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 $5.23 as of 10:04 AM on Friday, Oct 6, a drop of -$0.12, or -2.34% from the previous closing price of $5.35. The stock has traded between $5.23 and $5.27 so far today. Volume today is light. So far 2,007,248 shares have traded compared to average volume of 16,677,191 shares.
More About Itau Unibanco Holding SA ADR
Ita Unibanco is the largest privately held bank in Brazil the result of the 2008 merger between Banco Ita 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 36% of the banks total loans each while foreign loans now account for 28% of the banks portfolio. Ita also operates the fifth- largest insurer in Brazil and is the second- largest asset manager in the country giving it broad reach over the Brazilian financial system.
Click Here to get the full Stock Report for Itau Unibanco Holding SA ADR stock.
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