Stock Traders Buy High Volume of Put Options on Grupo Financiero Galicia (NASDAQ:GGAL)

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) was the target of some unusual options trading on Friday. Stock investors bought 9,379 put options on the company. This represents an increase of 206% compared to the typical volume of 3,062 put options.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Wednesday, April 17th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its position in Grupo Financiero Galicia by 3.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 38,564 shares of the bank’s stock valued at $503,000 after acquiring an additional 1,123 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Grupo Financiero Galicia in the third quarter valued at $42,000. Hsbc Holdings PLC grew its position in Grupo Financiero Galicia by 1.2% in the third quarter. Hsbc Holdings PLC now owns 255,668 shares of the bank’s stock valued at $3,370,000 after acquiring an additional 3,116 shares during the period. Turim 21 Investimentos Ltda. grew its position in Grupo Financiero Galicia by 42.9% in the third quarter. Turim 21 Investimentos Ltda. now owns 10,991 shares of the bank’s stock valued at $143,000 after acquiring an additional 3,302 shares during the period. Finally, Barclays PLC bought a new stake in Grupo Financiero Galicia in the second quarter valued at $69,000.

Grupo Financiero Galicia Stock Performance

Shares of NASDAQ GGAL opened at $30.70 on Friday. The business has a fifty day simple moving average of $25.27 and a 200 day simple moving average of $19.17. Grupo Financiero Galicia has a one year low of $10.57 and a one year high of $31.85.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA, a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. It also offers personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking services, as well as savings, deposits, and checking accounts related services.