As this happened, UBS downgraded its Itau Unibanco Holding S.A. ADR [ITUB] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid June from “an Equal-weight” to “an Overweight”. BofA Securities also remained covering ITUB and has increased its forecast on January 16, 2024 with a “Buy” recommendation from previously “Neutral” rating. HSBC Securities revised its rating on January 08, 2024. It rated ITUB as “a Hold” which previously was an “a Buy”.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Price Performance Review of ITUB
On Tuesday, Itau Unibanco Holding S.A. ADR [NYSE:ITUB] saw its stock jump 3.45% to $6.29. Over the last five days, the stock has gained 2.44%. Itau Unibanco Holding S.A. ADR shares have fallen nearly -7.13% since the year began. Nevertheless, the stocks have risen 14.24% over the past one year. While a 52-week high of $7.09 was reached on 02/20/24, a 52-week low of $5.49 was recorded on 08/05/24. SMA at 50 days reached $6.44, while 200 days put it at $6.42.
Levels Of Support And Resistance For ITUB Stock
The 24-hour chart illustrates a support level at 6.19, which if violated will result in even more drops to 6.09. On the upside, there is a resistance level at 6.39. A further resistance level may holdings at 6.49. The Relative Strength Index (RSI) on the 14-day chart is 51.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.74%. Stochastics %K at 39.42% indicates the stock is a holding.
How much short interest is there in Itau Unibanco Holding S.A. ADR?
A steep rise in short interest was recorded in Itau Unibanco Holding S.A. ADR stocks on 2024-10-15, growing by 1.82 million shares to a total of 27.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 25.91 million shares. There was a rise of 6.58%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 16, 2023 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $6.10 price target.
