Shares of Banco Bilbao Vizcaya Argentaria SA (NASDAQ: BBVA) saw unusually high trading volume on Tuesday. Approximately 6,214,900 shares changed hands during mid-day trading, an increase of 120.10% from the previous session. The stock last traded at $11.26.
On a related note, analysts at Zacks Investment Research downgraded shares of Banco Bilbao Vizcaya Argentaria SA from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 6th.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a diversified international financial group, with strengths in the traditional banking businesses of retail banking, asset management, private banking and wholesale banking. The Company also has investments in some of Spain’s companies. During the year ended December 31, 2009, BBVA focused its operations on six major business areas: Spain and Portugal, Wholesale Banking and Asset Management, Mexico, The United States, South America and Corporate Activities. On August 21, 2009, through its subsidiary BBVA Compass, BBVA acquired certain assets of Guaranty from the United States Federal Deposit Insurance Corporation (the FDIC). During the year ended December 31, 2009, BBVA launched two products: BBVA Bonos Cash (BBVA Cash Bonds), a money market fund for retail customers, and BBVA Bonos Largo Plazo Gobiernos II (BBVA Long-Term Government Bonds), a public-debt fund.
Banco Bilbao Vizcaya Argentaria SA (NASDAQ: BBVA) traded up 2.49% during mid-day trading on Tuesday. The stock has a 52 week low of $8.65 and a 52 week high of $18.59. Its 50-day moving average is $10.16 and its 200-day moving average is $12.09. The company has a market cap of $43.852 billion and a price-to-earnings ratio of 8.77. |