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

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) saw some unusual options trading activity on Friday. Traders purchased 9,379 put options on the company. This represents an increase of approximately 206% compared to the typical volume of 3,062 put options.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Grupo Financiero Galicia during the 3rd quarter valued at $42,000. Barclays PLC bought a new stake in shares of Grupo Financiero Galicia during the 2nd quarter valued at $69,000. FNY Investment Advisers LLC bought a new stake in shares of Grupo Financiero Galicia during the 4th quarter valued at $86,000. Wrapmanager Inc. bought a new stake in shares of Grupo Financiero Galicia during the 3rd quarter valued at $137,000. Finally, Turim 21 Investimentos Ltda. raised its position in shares of Grupo Financiero Galicia by 42.9% during the 3rd 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 last quarter.

Analyst Ratings Changes

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

Grupo Financiero Galicia Stock Performance

GGAL stock opened at $30.70 on Friday. The company has a 50 day moving average price of $25.27 and a 200 day moving average price of $19.22. Grupo Financiero Galicia has a fifty-two week low of $10.57 and a fifty-two week 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.