CaixaBank (OTCMKTS:CAIXY) Shares Cross Below Fifty Day Moving Average – Here’s Why

CaixaBank, S.A. (OTCMKTS:CAIXY) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.90 and traded as low as $1.80. CaixaBank shares last traded at $1.82, with a volume of 403,963 shares.

Wall Street Analysts Forecast Growth

Separately, Barclays cut shares of CaixaBank from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st.

CaixaBank Price Performance

The company has a 50-day simple moving average of $1.90 and a 200-day simple moving average of $1.91.

CaixaBank Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, November 22nd. Investors of record on Tuesday, November 12th were issued a $0.0328 dividend. The ex-dividend date of this dividend was Tuesday, November 12th.

About CaixaBank

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.