Itau Unibanco Holding SA ADR (ITUB) Stock: What Does the Chart Say Thursday?

The market has been neutral on Itau Unibanco Holding SA ADR (ITUB) stock recently. ITUB gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.

Itau Unibanco Holding SA ADR has a Neutral 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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With ITUB Stock Today?

Itau Unibanco Holding SA ADR (ITUB) stock is higher by 3.01% while the S&P 500 is lower by -0.05% as of 2:10 PM on Thursday, Aug 4. ITUB has gained $0.14 from the previous closing price of $4.49 on volume of 21,276,313 shares. Over the past year the S&P 500 has fallen -6.10% while ITUB is lower by -4.73%. ITUB earned $0.55 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.49.

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.