CaixaBank (OTCMKTS:CAIXY) Shares Gap Up – Here’s Why

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $4.13, but opened at $4.38. CaixaBank shares last traded at $4.35, with a volume of 161,316 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CAIXY shares. Citigroup restated a “buy” rating on shares of CaixaBank in a research note on Thursday, January 8th. Royal Bank Of Canada reissued a “sector perform” rating on shares of CaixaBank in a report on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of CaixaBank in a research note on Thursday, December 4th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, CaixaBank currently has a consensus rating of “Hold”.

CaixaBank Price Performance

The business has a 50-day simple moving average of $3.98 and a two-hundred day simple moving average of $3.57.

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.