Nov
21
The stock of Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) hit a new 52-week high and has $42.06 target or 48.00% above today’s $28.42 share price. The 6 months bullish chart indicates low risk for the $4.43B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $42.06 price target is reached, the company will be worth $2.13 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 4.26% or $1.16 during the last trading session, hitting $28.42. About 1.50M shares traded hands or 139.60% up from the average. Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) has risen 29.42% since April 21, 2015 and is uptrending. It has outperformed by 30.33% the SP500.
According to Zacks Investment Research, “Grupo Financiero Galicia SA. is involved in the Financial Services Industry. Their principal activity is to continue to be a financial and investment services holding company and to fulfill the banking services activities of Banco Galicia.” Get a free copy of the Zacks research report on Grupo Financiero Galicia S.A. (ADR) (GGAL)
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