Overall market sentiment has been high on Itau Unibanco Holding SA ADR (ITUB) stock lately. ITUB receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Itau Unibanco Holding SA ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ITUB!
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
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 unchanged 0% while the S&P 500 is down -2.31% as of 10:23 AM on Tuesday, May 24. ITUB is unmoved $0.00 from the previous closing price of $5.30 on volume of 9,516,380 shares. Over the past year the S&P 500 has fallen -7.51% while ITUB is higher by 17.52%. ITUB earned $0.58 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.17.
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 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.
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