BMA Stock Summary and Trading Ideas (Banco Macro S.A. ADR (Representing Ten Class B Common Shares) | NYSE:BMA)

Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs. It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. It generates the majority of its revenue from Argentina.

Banco Macro S.A. ADR (Representing Ten Class B Common Shares) trades on the NYSE stock market under the symbol BMA.

As of April 18, 2024, BMA stock price climbed to $48.31 with 179,957 million shares trading.

BMA has a beta of 1.64, meaning it tends to be more sensitive to market movements. BMA has a correlation of 0.10 to the broad based SPY ETF.

BMA has a market cap of $3.09 billion. This is considered a Mid Cap stock.

In the last 3 years, BMA stock traded as high as $54.67 and as low as $9.72.

The top ETF exchange traded funds that BMA belongs to (by Net Assets): ARGT, IDVO, AADR, APIE.

BMA has outperformed the market in the last year with a return of +155.8%, while the SPY ETF gained +22.2%. In the last 3 month period, BMA beat the market returning +73.0%, while SPY returned +5.2%. However, in the most recent 2 weeks BMA has underperformed the stock market by returning -2.9%, while SPY returned -2.6%.

BMA support price is $46.08 and resistance is $50.10 (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 BMA stock will trade within this expected range on the day.