Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) has been under a strong bear grip, hence the stock is down -2.74% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.32% in the past 1 week. The stock has risen by 1.75% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.32% in the past 4 weeks.
Grupo Financiero Santander Mexico S.A. B. de C.V. (NYSE:BSMX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.17 and $9.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.29, notching a gain of 2.31% for the day. The total traded volume was 4,040,453 . The stock had closed at $9.08 on the previous day.
The stock has recorded a 20-day Moving Average of 0.25% and the 50-Day Moving Average is 2.19%. Grupo Financiero Santander Mexico, S.A.B. de C.V. is up 6.94% in the last 3-month period. Year-to-Date the stock performance stands at 9.16%.
Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) : The highest level Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX) is projected to reach is $11 for the short term and the lowest estimate is at $9. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $10 and the possibility the share price can swing is $1.
Grupo Financiero Santander Mexico SAB de CV, formerly Santander Mexico Financial Group SAB de CV or Grupo Financiero Santander SAB de CV, is a Mexico-based financial institution. The Company is primarily engaged in the provision of multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The Company offers its services to both, individual and corporate clients. The Company owns such principal subsidiaries as Banco Santander (Mexico) SA, Casa de Bolsa Santander SA de CV and Zurich Santander Seguros Mexico S.A.