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JAPAN POST BANK (OTCMKTS:JPPTY) Shares Gap Down - Here's What Happened

JAPAN POST BANK logo with Financial Services background
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Key Points

  • Shares gapped down pre-market: the stock had closed at $18.00, opened at $16.46 and last traded at $17.7650 on a volume of 5,891 shares.
  • The Goldman Sachs Group upgraded JAPAN POST BANK to a Buy on Jan. 26, and the stock's average analyst rating on MarketBeat is currently Buy.
  • Technical picture: the 50-day moving average is $18.12 and the 200-day moving average is $14.43, placing the price below its 50-day but above its 200-day average.
  • MarketBeat previews the top five stocks to own by June 1st.

Shares of JAPAN POST BANK Co., Ltd. (OTCMKTS:JPPTY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $18.00, but opened at $16.46. JAPAN POST BANK shares last traded at $17.7650, with a volume of 5,891 shares.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of JAPAN POST BANK to a "buy" rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy".

Read Our Latest Research Report on JAPAN POST BANK

JAPAN POST BANK Trading Down 1.7%

The company's 50-day moving average is $18.12 and its 200 day moving average is $14.43.

About JAPAN POST BANK

(Get Free Report)

Japan Post Bank Co, Ltd. is one of Japan’s largest retail banks, operating as a subsidiary of Japan Post Holdings. Leveraging the extensive network of post office branches across Japan, the bank provides a full suite of deposit and payment services designed to meet the needs of individual consumers, small- and medium-sized enterprises, and public sector clients. Its broad branch footprint enables convenient access to banking services even in rural areas, underpinning a strong domestic deposit base.

The bank’s core offerings include savings and time deposit accounts, domestic and international remittance services, and foreign currency deposit products.

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