Setting A New 52 Week Low, Itau Corpbanca (NYSE:ITCB) Closing At $11.95

ITCB
ITCB

Itau Corpbanca (NYSE:ITCB)

May 14th, 2019

Amidst rising markets Itau Corpbanca finished Tuesday’s trading session down 0.50%, a ($0.06) decrease to close on $11.95. As well as the drop in value, Itau Corpbanca hit a new 52 week low of $11.28, breaking the previous low of $12.01 from earlier this month. Itau Corpbanca bounced 8.78% between high and low. Despite the drop in value, trading volumes were solid at 749.00% of normal which can indicate investor opportunities.

ITCB was outperformed by the rest of the Financials sector which went up 0.80%.

Results from 3 analysts indicates that Itau Corpbanca could go up significantly (22.37%), while Finbox has calculated (with very high uncertainty) a fair value price of $7.57.

Market Sectors

The market sectors were mixed Tuesday with a majority of the sectors trending up. Information Technology saw the biggest increase of the day (1.60%), while Utilities saw the biggest drop (-0.87%). Information Technology has seen the biggest year-to-date gain at 18.05%.

Information Technology saw the biggest turnaround from its 5-day performance of -6.38%, as it went up 1.60%. Utilities saw a turn around from its 5-day performance of 1.03% trading down -0.87%.

Sector Breakdown

  • Information Technology went up with a 1.60% change.
  • Energy went up with a 1.09% change.
  • Industrials went up with a 1.07% change.
  • Consumer Discretionary went up with a 0.87% change.
  • Materials went up with a 0.82% change.
  • Financials went up with a 0.80% change.
  • Healthcare went up with a 0.41% change.
  • Consumer Staples went up with a 0.37% change.
  • Real Estate went up with a 0.35% change.
  • Communication Services went up with a 0.24% change.
  • Utilities went down with a -0.87% change.

Itau Corpbanca Info

Itaú CorpBanca provides wholesale and retail banking services to large and medium sized companies, individuals, and institutional clients. The company offers checking and savings accounts, as well as demand and time deposits, and bankers’ drafts; and provides commercial, mortgage, consumer, and contingent loans. It also offers financial advisory, mutual fund management, insurance brokerage, and securities brokerage services; treasury services; asset management services; trust portfolio management services, including investment trust management, administration, security, real estate trusts, and fund administration; court and out-of-court collections services for loans; and Internet and mobile banking services. The company has operations in Chile, Colombia, and Panama, as well as has a branch in New York and representative offices in Madrid and Lima. Itaú CorpBanca was founded in 1871 and is headquartered in Santiago, Chile.

All amounts in USD unless otherwise indicated

ITCB daily update
ITCB daily update

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