CaixaBank (OTCMKTS:CAIXY) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

CaixaBank, S.A. (OTCMKTS:CAIXY) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.91 and traded as low as $1.75. CaixaBank shares last traded at $1.78, with a volume of 411,550 shares trading hands.

Wall Street Analyst Weigh In

Separately, Barclays downgraded CaixaBank from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st.

CaixaBank Price Performance

The stock has a fifty day moving average price of $1.92 and a 200-day moving average price of $1.91.

CaixaBank Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, November 22nd. Shareholders 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.