Itau Unibanco Banco Holding SA (ITUB) : Traders are bullish on Itau Unibanco Banco Holding SA (ITUB) as it has outperformed the S&P 500 by a wide margin of 11.64% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.86%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.32% in the last 1 week, and is up 14.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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 $11.18 and $10.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.11, notching a gain of 0.27% for the day. The total traded volume was 22,436,560 . The stock had closed at $11.08 on the previous day.
The stock has recorded a 20-day Moving Average of 7.99% and the 50-Day Moving Average is 19.6%. Itau Unibanco Holding S.A. is up 29.23% in the last 3-month period. Year-to-Date the stock performance stands at 76.19%.
Itau Unibanco Banco Holding SA (ITUB) : The consensus price target for Itau Unibanco Banco Holding SA (ITUB) is $7.5 for the short term with a standard deviation of $0.71. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $8, however, the pessimist price target for the company is $7.
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.