ABN AMRO Bank (OTCMKTS:AAVMY) Trading Down 2.5% – Here’s What Happened

ABN AMRO Bank (OTCMKTS:AAVMY)’s share price was down 2.5% on Tuesday . The company traded as low as $30.37 and last traded at $30.60. Approximately 8,328 shares changed hands during trading, a decline of 42% from the average daily volume of 14,439 shares. The stock had previously closed at $31.40.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating on shares of ABN AMRO Bank in a report on Wednesday, October 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of ABN AMRO Bank in a report on Thursday, November 13th. Finally, The Goldman Sachs Group raised ABN AMRO Bank from a “neutral” rating to a “buy” rating in a research report on Friday, October 3rd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

ABN AMRO Bank Stock Performance

The firm has a 50 day moving average price of $30.64 and a two-hundred day moving average price of $28.49.

About ABN AMRO Bank

ABN AMRO Bank N.V. provides various banking products and financial services to retail, private, and business clients in the Netherlands and internationally. It operates through three segments: Personal & Business Banking, Wealth Management, and Corporate Banking. The company provides savings and deposits products; investment and insurance products; and consumer, personal, car, and home improvement loan.