UniCredit (OTCMKTS:UNCFF) Hits New 12-Month High – Time to Buy?

UniCredit (OTCMKTS:UNCFF) hit a new 52-week high on Wednesday . The stock traded as high as $84.90 and last traded at $84.00, with a volume of 1982 shares. The stock had previously closed at $80.87.

UniCredit Price Performance

The business has a 50-day simple moving average of $77.20 and a 200-day simple moving average of $75.21.

Institutional Inflows and Outflows

An institutional investor recently raised its position in UniCredit stock. GAMMA Investing LLC raised its position in UniCredit (OTCMKTS:UNCFF) by 52.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,562 shares of the financial services provider’s stock after purchasing an additional 1,230 shares during the period. GAMMA Investing LLC’s holdings in UniCredit were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

About UniCredit

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.