There has been no news at all about Banco BBVA Argentina S A (NYSE:BBAR) for quite some time but that did not stop investors from moving in on the stock in a big way this past Friday.
Trading Data
On Friday, BBAR stock surged 10.58%% to $3.24 with more than 1.20 million shares, compared to its average volume of 582k shares. The stock has moved within a range of $3.0600 – 3.2400 after opening trade at $3.12.
BBVA Argentina announces Third Quarter 2021 Financial Results Schedule
The Banco BBVA stock surged by as much as 10.50% on Friday and it is going to be interesting to see if it can continue to hold to its momentum this week. Despite there being no news, it might be the right time for investors to consider taking a look at a development from November last year.
That was actually the last time that the company was in the news. Banco BBVA announced on November 10, 2021 that it was going to announce its financial results for the third fiscal quarter on November 24, 2021. It was also noted that the financial results were going to be declared after the closure of markets on November 24.
In this context, it ought to be noted that it is unlikely that this had any bearing on the rally enjoyed by the stock on Friday. Investors could do well to keep an eye out for any news regarding the company in the coming days.
Technical Data
BBAR stock is above the 20-Day and 50-Day Moving averages of $3.07 and $3.11 respectively. However, the stock is trading below the 200-Day moving average of $3.40.
