CaixaBank (OTCMKTS:CAIXY) Shares Gap Down – Here’s What Happened

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) shares gapped down prior to trading on Friday . The stock had previously closed at $4.06, but opened at $3.92. CaixaBank shares last traded at $3.92, with a volume of 410 shares trading hands.

Wall Street Analyst Weigh In

CAIXY has been the topic of several research analyst reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of CaixaBank in a research report on Monday, November 3rd. The Goldman Sachs Group upgraded CaixaBank from a “sell” rating to a “hold” rating in a report on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of CaixaBank in a report on Thursday, December 4th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, CaixaBank has an average rating of “Hold”.

CaixaBank Stock Performance

The stock has a 50 day moving average of $3.67 and a 200 day moving average of $3.35.

About CaixaBank

CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.

The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.