CaixaBank (OTCMKTS:CAIXY) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Shares of CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.64 and traded as high as $4.06. CaixaBank shares last traded at $4.06, with a volume of 267,482 shares.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CAIXY. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of CaixaBank in a research report on Thursday, December 4th. The Goldman Sachs Group raised CaixaBank from a “sell” rating to a “hold” rating in a report on Wednesday, September 24th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of CaixaBank in a research report on Monday, November 3rd. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

CaixaBank Stock Performance

The company has a 50 day simple moving average of $3.64 and a 200 day simple moving average of $3.33.

About CaixaBank

CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.

The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.