Should You Buy Bancolombia SA ADR (CIB) Stock on Thursday?

The market has been down on Bancolombia SA ADR (CIB) stock recently. CIB gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Bancolombia SA ADR has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CIB!

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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. 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 CIB Stock Today?

Bancolombia SA ADR (CIB) stock has fallen -1.45% while the S&P 500 has gained 1.14% as of 9:59 AM on Thursday, Aug 10. CIB has fallen -$0.42 from the previous closing price of $28.91 on volume of 128,227 shares. Over the past year the S&P 500 has gained 9.61% while CIB has fallen -7.11%. CIB earned $6.99 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 4.07. To see InvestorsObserver's Sentiment Score for Bancolombia SA ADR click here.

More About Bancolombia SA ADR

BanColombia SA is a financial services company. A conglomerate of financial institutions, BanColombia offers a wide range of product offerings and financial services, including loans to small and midsize enterprises and governments, leasing, factoring, and asset management. The company's operations are in Colombia, Peru, Panama, Costa Rica, El Salvador, Puerto Rico, and Guatemala. Click Here to get the full Stock Report for Bancolombia SA ADR stock.