CaixaBank (OTCMKTS:CAIXY) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

CaixaBank, S.A. (OTCMKTS:CAIXY)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.91 and traded as low as $1.85. CaixaBank shares last traded at $1.94, with a volume of 271,081 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 Stock Down 5.3 %

The company has a fifty day simple moving average of $2.01 and a two-hundred day simple moving average of $1.91.

CaixaBank Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, November 12th will be given a dividend of $0.0328 per share. The ex-dividend date is 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.