Large Inflow of Money Detected in Grupo Financiero Galicia S.A.

Grupo Financiero Galicia S.A. (GGAL) : Investors lapped up stocks on upticks to the tune of $2.68 million in the Tuesdays trading session. The trading value on downticks was comparatively at $0.75 million and the uptick to downtick ratio of 3.56 indicates continuous buying by the bulls. The net money flow into the stock was $1.93 million. Upticks saw transactions worth $2.01 clearly indicating buying by large investors. The total money flow for block trades stood at $2.01 million, which is a positive for the stock in the long-term. Grupo Financiero Galicia S.A. (GGAL) fell $0.89 during the day at $29.93, a drop of -2.9% over the previous days close. However, for the week, the stock is -0.9%, compared to the previous week.


Also, In a research note released to the investors, Citigroup upgrades its rating on Grupo Financiero Galicia S.A. (NASDAQ:GGAL).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Sell by the brokerage firm. The rating by the firm was issued on August 22, 2016.

Shares of Grupo Financiero Galicia S.A. rose by 1.13% in the last five trading days and 4.53% for the last 4 weeks. Grupo Financiero Galicia S.A. is up 8.24% in the last 3-month period. Year-to-Date the stock performance stands at 12.82%.

Grupo Financiero Galicia S.A. (NASDAQ:GGAL): The stock opened at $31.75 on Tuesday but the bulls could not build on the opening and the stock topped out at $31.75 for the day. The stock traded down to $29.91 during the day, due to lack of any buying support eventually closed down at $30.46 with a loss of -1.17% for the day. The stock had closed at $30.82 on the previous day. The total traded volume was 301,468 shares.

Grupo Financiero Galicia S.A. (Grupo Financiero Galicia) is a financial services holding company. Banco de Galicia y Buenos Aires S.A. (Banco Galicia) is the Companys largest subsidiary. Banco Galicia is a bank that provides, directly or through its subsidiaries, a range of financial products and services to large corporations, small and medium sized companies (SMEs), and individuals. Through the operating subsidiaries of Tarjetas Regionales S.A., a holding company wholly owned by the Bank, the Company provides brand credit cards and consumer finance services throughout Argentina. Through Sudamericana Holding S.A. and its subsidiaries (Sudamericana) it provides insurance products in Argentina. It provides financial services through a distribution platform amongst private-sector financial institutions in Argentina.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.