Banca Mediolanum (OTCMKTS:BNMDF) Stock Price Up 23.8% – Still a Buy?

Banca Mediolanum S.p.A. (OTCMKTS:BNMDF) shares shot up 23.8% during trading on Monday . The company traded as high as $24.75 and last traded at $24.75. 830 shares traded hands during trading, an increase of 78% from the average session volume of 465 shares. The stock had previously closed at $20.00.

Banca Mediolanum Stock Up 23.8%

The business has a 50 day simple moving average of $19.23 and a 200-day simple moving average of $16.94.

About Banca Mediolanum

Banca Mediolanum, established in 1991 by entrepreneur Ennio Doris, is an Italian retail bank headquartered in Basiglio, near Milan. It operates as the banking arm of Gruppo Mediolanum, a diversified financial services conglomerate. The bank has been listed on the Borsa Italiana since 1996 and trades in the United States on the OTC market under the ticker BNMDF. Banca Mediolanum has built its reputation on a direct‐to‐customer model, leveraging a network of professional financial advisors to deliver personalized banking and investment solutions.

The bank’s core activities encompass a wide range of retail banking services, including current accounts, savings plans, mortgages, and consumer loans.