Itau Unibanco Holding SA ADR (ITUB) stock has gained 9.90% over the past week and gets a Bullish rating from InvestorsObserver's 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.
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 $4.55 as of 10:09 AM on Thursday, Nov 5, a gain of $0.18, or 4.12% from the previous closing price of $4.37. The stock has traded between $4.53 and $4.62 so far today. Volume today is low. So far 7,670,593 shares have traded compared to average volume of 28,518,876 shares.
To see InvestorsObserver's Sentiment Score for Itau Unibanco Holding SA ADR click here.
More About Itau Unibanco Holding SA ADR
Itau 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.
