Strength Seen in Grupo Financiero (GGAL): Stock Surges 10.2% - Tale of the Tape

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Grupo Financiero Galicia S.A. ( GGAL ) was a big mover yesterday, as the company saw its shares rise by over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 30% since Nov 19.

The company has seen one positive revision in the past one week, while its Zacks Consensus Estimate also moved higher over the same time frame, suggesting that more solid trading could be ahead for Grupo Financiero. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Grupo Financiero currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

Some well-placed foreign banks include BNP Paribas SA ( BNPQY ), Industrial and Commercial Bank of China Limited ( IDCBY ) and BBVA Banco Franc ( BFR ).  All these stocks carry the same Zacks Rank as Grupo Financiero Galicia S.A.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: BFR , BNPQY , GGAL , IDCBY

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As of 4/17/2014, 04:07 PM