Sabadell Extends Winning Streak as Shares Open at Record Highs in September
In September, Sabadell’s stock opened at record‑high closing levels, continuing a streak of six months of consecutive profit gains.
In September, Sabadell’s stock opened at record‑high closing levels, continuing a streak of six months of consecutive profit gains.
The CFO of Banco Sabadell sold a portion of his holdings while the bank’s share price reached historic highs.
Banco Sabadell’s shares jumped nearly 4% on the Madrid Stock Exchange, driven by the announcement of a share repurchase plan and positive outlook guidance, marking the stock’s biggest rise since June 12.
Goldman Sachs has downgraded Banco Sabadell, adding it to its sell list. The stock was among the most penalized values in the Ibex on the day of the downgrade.
The extraordinary dividend paid by Banco Sabadell has prompted analyst valuation downgrades and intensified short-seller pressure on the Spanish bank listed on the Ibex index.