CaixaBank (OTCMKTS:CAIXY) Shares Pass Above 50-Day Moving Average - Here's What Happened

Key Points

• CaixaBank's stock price has surpassed its 50-day moving average of $3.05, reaching a high of $3.40 before closing at $3.36 with a trading volume of 317,204 shares.
• Analyst ratings for CaixaBank include one Buy, three Hold, and one Sell, leading to an average rating of Hold.
• The company's operations encompass a range of financial services including banking, insurance, asset management, and project financing both in Spain and internationally.

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.05 and traded as high as $3.40. CaixaBank shares last traded at $3.36, with a volume of 317,204 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CAIXY shares. Citigroup reiterated a "buy" rating on shares of CaixaBank in a report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of CaixaBank in a report on Friday, August 8th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, CaixaBank currently has an average rating of "Hold".

CaixaBank Stock Performance

The stock has a 50-day moving average price of $3.09 and a two-hundred day moving average price of $2.76.

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.