CaixaBank (OTCMKTS:CAIXY) Share Price Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• CaixaBank shares have surpassed their 50-day moving average of $2.95, reaching a trading high of $3.36 with a volume of 369,063 shares.
• Analyst ratings for CaixaBank are mixed, with one sell rating, three hold ratings, and one buy rating, resulting in an average rating of "Hold".
• The company's financial services operations include various banking products, insurance services, and asset management both in Spain and internationally.

Shares of CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.95 and traded as high as $3.36. CaixaBank shares last traded at $3.36, with a volume of 369,063 shares trading hands.

Wall Street Analyst Weigh In

CAIXY has been the subject of a number of analyst reports. Citigroup reiterated a "buy" rating on shares of CaixaBank in a research note on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of CaixaBank in a research note on Friday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold".

CaixaBank Stock Up 0.6%

The business has a 50 day moving average price of $2.98 and a two-hundred day moving average price of $2.67.

About CaixaBank

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.