CaixaBank (OTCMKTS:CAIXY) Sees Large Volume Increase - Here's What Happened

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 1,791,951 shares were traded during trading, an increase of 442% from the previous session's volume of 330,332 shares.The stock last traded at $2.83 and had previously closed at $2.88.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Citigroup reissued a "buy" rating on shares of CaixaBank in a research note on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of CaixaBank in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold".

CaixaBank Stock Down 1.0%

The business's fifty day simple moving average is $2.83 and its two-hundred day simple moving average is $2.48.

CaixaBank Company Profile

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.

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