Banco Macro S.A. (NYSE:BMA) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $60.00 to $70.84 in the past one-month time frame.
In the last 30 days, the company witnessed one positive estimate revision and the Zacks Consensus Estimate also moved higher over the same time frame, suggesting that more solid trading could be ahead for Banco Macro. 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.
Banco Macro currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Banks-Foreign industry is Shinhan Financial Group Company Limited (NYSE:SHG) , which sports a Zacks Rank #1 (Strong Buy).
Is BMA going up? Or down? Predict to see what others think: Up or Down
SHINHAN FIN-ADR (SHG): Free Stock Analysis Report
BANCO MACRO-ADR (BMA): Free Stock Analysis Report
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