CaixaBank (OTCMKTS:CAIXY) Shares Gap Up – Here’s Why

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) shares gapped up prior to trading on Monday . The stock had previously closed at $4.15, but opened at $4.32. CaixaBank shares last traded at $4.31, with a volume of 113,011 shares.

Wall Street Analyst Weigh In

CAIXY has been the subject of several research analyst reports. Citigroup restated a “buy” rating on shares of CaixaBank in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of CaixaBank from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of CaixaBank in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

CaixaBank Stock Performance

The firm has a 50 day moving average price of $4.12 and a two-hundred day moving average price of $3.70.

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.