Stocks of Itau Unibanco Banco Holding SA (NYSE:ITUB) rallied by 0.24% during the past week but lost 1.41% on a 4-week basis. The company has outperformed the S&P 500 by 1.44% in the past week but underperformed the index by 2.31% in the last 4 weeks.
Itau Unibanco Banco Holding SA (NYSE:ITUB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.49 and $8.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.41, notching a gain of 0.48% for the day. The total traded volume was 12,915,256 . The stock had closed at $8.37 on the previous day.
The company shares have dropped -24.44% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $11.38 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $8.60 and the 200 Day Moving Average price is recorded at $7.66.
Many analysts have stated their opinion on the company shares. Brokerage firm HSBC downgrades its rating on Itau Unibanco Banco Holding SA (NYSE:ITUB). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 2, 2016. Institutional Investors own 4.87% of Itau Unibanco Banco Holding SA shares.
Itau Unibanco Holding S.A. (Itau Unibanco Holding) is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil. It operates in four segments: Commercial Bank-Retail, which offers a range of banking services for retail individuals or clients and for companies, including services, such as asset management, investor services, insurance, private pension plans and credit cards issued to account holders; Consumer Credit-Retail, which offers financial products and services to account holders, such as vehicle financing, credit card transactions and consumer financing; Wholesale Bank, which offers wholesale products and services to large and medium-sized companies, as well as investment bank activities and The Activities with the Market and Corporation segment manages the interest income associated with ITAU UNIBANCO HOLDING capital surplus, subordinated debt surplus and the net balance of tax credits and debits.