Itaú CorpBanca (ITCB) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

May 17, 2018 - By James Hentges

Itaú CorpBanca (NYSE:ITCB) Logo

The stock of Itaú CorpBanca (NYSE:ITCB) hit a new 52-week high and has $16.74 target or 5.00 % above today’s $15.94 share price. The 5 months bullish chart indicates low risk for the $5.18 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $16.74 price target is reached, the company will be worth $259.10M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.69% or $0.111 during the last trading session, reaching $15.939. About 302 shares traded. Itaú CorpBanca (NYSE:ITCB) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

More news for Itaú CorpBanca (NYSE:ITCB) were recently published by: Seekingalpha.com, which released: “Itaú CorpBanca (ITCB) Q1 2018 Results – Earnings Call Transcript” on May 07, 2018. Globenewswire.com‘s article titled: “Itaú Corpbanca Announces First Quarter 2018 Management Discussion & Analysis Report” and published on April 30, 2018 is yet another important article.

Itaú CorpBanca provides banking products and services to individuals, and large and medium companies. The company has market cap of $5.18 billion. It offers current accounts, credit cards, lines of credit, and mortgage credit products, as well as cash management, financing, corporate finance, investment, and insurance services. It currently has negative earnings. It has activities in Chile, Colombia, and Panama, as well as has a branch in New York and a representative office in Madrid.

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