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Grupo Aval Announces the Filing of Its Form 20-F for the Year Ended December 31, 2023
Business Wire (Wed, 17-Apr 7:20 PM ET)
Grupo Aval Acciones y Valores SA is a Colombian financial services company. Its local operations consist of commercial banking (Banco de Bogota, Banco de Occidente, Banco Popular, and Banco AV Villas), pension fund management (Porvenir), and merchant banking (Corficolombiana). Outside Colombia, the company offers (via BAC Credomatic operations) consumer and credit card banking businesses in Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama) and Mexico. BAC Credomatic has key alliances with major credit card networks, such as Visa, MasterCard, American Express, and Diners Club.
Grupo Aval Acciones y Valores S.A. ADR (Each representing 20 preferred shares) trades on the NYSE stock market under the symbol AVAL.
As of May 1, 2024, AVAL stock price declined to $2.37 with 8,750 million shares trading.
AVAL has a market cap of $2.64 billion. This is considered a Mid Cap stock.
In the last 3 years, AVAL stock traded as high as $6.17 and as low as $1.96.
AVAL has underperformed the market in the last year with a price return of +5.4% while the SPY ETF gained +22.0%. AVAL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.4% and -0.8%, respectively, while the SPY returned +2.3% and -0.6%, respectively.
AVAL support price is $2.33 and resistance is $2.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AVAL stock will trade within this expected range on the day.