Banco Bilbao Viscaya Argentaria S.A. (BBVA) has risen sharply, recording gains of 2.54% in the past 4 weeks. However, the stock has corrected -3.08% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.05% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.57 and $5.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.66, notching a gain of 2.35% for the day. The total traded volume was 2,894,211 . The stock had closed at $5.53 on the previous day.
The stock has recorded a 20-day Moving Average of 0.55% and the 50-Day Moving Average is 3.52%. Banco Bilbao Vizcaya Argentaria, S.A. has dropped 10.9% during the last 3-month period . Year-to-Date the stock performance stands at -18.76%.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a diversified international financial group engaged in retail banking, asset management, private banking and wholesale banking. The Company also has investments in some of Spains companies. BBVA operates through six segments: Banking Activity in Spain, which includes its banking and non-banking businesses in Spain; Real Estate Activity in Spain, which manages the real estate assets accumulated by the Company as a result of the economic crisis in Spain; Eurasia, which covers the Companys retail and wholesale banking businesses in the rest of Europe and Asia; Mexico, which comprises the banking and insurance businesses conducted in Mexico by the BBVA Bancomer financial group; South America, which manages the Companys banking and insurance businesses in the region, and the United States, which comprises its business in the United States.