The market has been down on Itau Unibanco Holding SA ADR (ITUB) stock recently. ITUB gets a Bearish score from InvestorsObserver Stock 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!
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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With ITUB Stock Today?
Itau Unibanco Holding SA ADR (ITUB) stock is trading at $4.38 as of 1:32 PM on Wednesday, Jun 29, an increase of $0.01, or 0.23% from the previous closing price of $4.37. Volume today is less active than usual. So far 31,751,428 shares have traded compared to average volume of 46,817,113 shares. The stock has traded between $4.36 and $4.47 so far today.
To screen for more stocks like 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 Itaú 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 bank's total loans each, while foreign loans now account for 28% of the bank's portfolio. Itaú 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.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
