Overall market sentiment has been high on Itau Unibanco Holding SA ADR (ITUB) stock lately. ITUB receives a Bullish rating from InvestorsObserver's Stock 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.
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 $4.68 as of 1:10 PM on Thursday, Sep 3, an increase of $0.20, or 4.35% from the previous closing price of $4.48. The stock has traded between $4.59 and $4.77 so far today. Volume today is 35,699,953 compared to average volume of 30,640,755.
To see InvestorsObserver's Sentiment Score for Itau Unibanco Holding SA ADR click here.
More About Itau Unibanco Holding SA ADR
Itaú 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 Score Report on Itau Unibanco Holding SA ADR (ITUB) Stock.
