UniCredit (OTCMKTS:UNCFF) Hits New 52-Week High – Should You Buy?

UniCredit (OTCMKTS:UNCFF) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $89.25 and last traded at $89.25, with a volume of 3762 shares changing hands. The stock had previously closed at $87.3050.

UniCredit Stock Performance

The business’s 50 day simple moving average is $80.57 and its 200 day simple moving average is $77.42.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in UniCredit stock. GAMMA Investing LLC raised its holdings in UniCredit (OTCMKTS:UNCFF) by 52.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,562 shares of the financial services provider’s stock after purchasing an additional 1,230 shares during the quarter. GAMMA Investing LLC’s holdings in UniCredit were worth $274,000 as of its most recent SEC filing.

UniCredit Company Profile

UniCredit is a Milan-based global banking and financial services group offering a comprehensive range of banking solutions. As one of Europe’s leading banking institutions, the firm provides services in retail banking, corporate and investment banking, commercial banking, private banking and asset management. UniCredit’s network spans key European markets, leveraging a diversified business model to serve individuals, small and medium-sized enterprises, and large corporate clients.

The group’s retail banking arm delivers deposit accounts, loans, payment services and digital banking platforms designed to meet the evolving needs of its broad customer base.