CaixaBank (OTCMKTS:CAIXY) Stock Price Crosses Above 50 Day Moving Average - Here's What Happened

Key Points

• CaixaBank shares crossed above their 50-day moving average of $3.15, reaching a high of $3.36 during trading, with the last price at $3.34.
• Wall Street analysts have mixed ratings on the stock, with one "Buy," three "Hold," and one "Sell," resulting in a consensus rating of "Hold."
• The company offers a variety of financial services, including banking, insurance, and asset management, operating both in Spain and internationally.

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY - Get Free Report)'s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.15 and traded as high as $3.36. CaixaBank shares last traded at $3.34, with a volume of 458,155 shares traded.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of CaixaBank in a research report on Friday, August 8th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

CaixaBank Stock Performance

The business has a 50-day simple moving average of $3.18 and a two-hundred day simple moving average of $2.82.

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.