News

Published on 24 Nov 2022 on Zacks via Yahoo Finance

Galecto, Inc. (GLTO) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now


Article preview image

A downtrend has been apparent in Galecto, Inc. (GLTO) lately. While the stock has lost 14.9% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.

While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this company is a solid fundamental factor that enhances the prospects of a trend reversal for the stock.

1-month candlestick chart for GLTO1-month candlestick chart for GLTO

NYSE.DNOW price evolution
NASDAQ.GLTO price evolution
NASDAQ.BPOP price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
Should First Trust Rising Dividend Achievers ETF (RDVY) Be on Your Investing Radar?

If you're interested in broad exposure to the Large Cap Value segment of the US equity market, lo...

Zacks via Yahoo Finance 13 Mar 2024

Executive Vice President Luis Cestero Sells 4,641 Shares of Popular Inc (BPOP)

Executive Vice President Luis Cestero has sold 4,641 shares of Popular Inc (NASDAQ:BPOP) on March...

GuruFocus.com via Yahoo Finance 11 Mar 2024

3 TCW Mutual Funds for Better Returns

TCW mutual funds, with more than 50 years of investment experience, offer a wide range of mutual ...

Zacks via Yahoo Finance 8 Mar 2024

Popular (NASDAQ:BPOP) Could Be A Buy For Its Upcoming Dividend

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sl...

Simply Wall St. via Yahoo Finance 8 Mar 2024

Executive Vice President Lidio Soriano Sells 12,922 Shares of Popular Inc

On January 31, 2024, Executive Vice President Lidio Soriano executed a sale of 12,922 shares of P...

GuruFocus.com via Yahoo Finance 3 Feb 2024

Popular, Inc. (NASDAQ:BPOP) Q4 2023 Earnings Call Transcript

Popular, Inc. (NASDAQ:BPOP) Q4 2023 Earnings Call Transcript January 25, 2024 Popular, Inc. beats...

Insider Monkey via Yahoo Finance 25 Jan 2024

Popular Inc (BPOP) Navigates Interest Rate Environment to Maintain Stable Net Interest Income

Net Income: Reported $94.6 million for Q4 2023, down from $136.6 million in Q3 2023.Adjusted Net ...

GuruFocus.com via Yahoo Finance 25 Jan 2024

Popular Inc's Dividend Analysis

Assessing the Sustainability of Popular Inc's Dividend Payments Popular Inc (NASDAQ:BPOP) recentl...

GuruFocus.com via Yahoo Finance 5 Dec 2023

Popular (NASDAQ:BPOP) Could Be A Buy For Its Upcoming Dividend

Popular, Inc. (NASDAQ:BPOP) stock is about to trade ex-dividend in four days. The ex-dividend dat...

Simply Wall St. via Yahoo Finance 1 Dec 2023

Insider Sell Alert: Executive Vice President Eli Sepulveda Sells 10,000 Shares of Popular Inc (BPOP)

Executive Vice President Eli Sepulveda of Popular Inc (NASDAQ:BPOP) has recently made a significa...

GuruFocus.com via Yahoo Finance 30 Nov 2023