Why Grupo Financiero Galicia Stock Dropped 10% This Morning [The Motley Fool]
Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shares underlying (GGAL)
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Source: The Motley Fool
Why Grupo Financiero Galicia Stock Dropped 10% This Morning Rich Smith ( TMFDitty Sep , 09 at :0PM What happened Shares of Grupo Financiero Galicia NASDAQ:GGAL largest financial institution smaller Grupo Financiero Galicia stock dropped 0.% in early trading Tuesday and remain down 9.% as of : p.m. EDT after Argentine President Mauricio Macri's administration shocked stock markets with an announcement of "a series of extraordinary measures to ensure the normal functioning of the economy, to sustain the level of activity and employment and protect the consumers." Image source: Getty Images. So what So what is Argentina up to this week These measures are intended to make it harder to bet against the Argentine peso, stem the outflow of foreign currency, husband the central bank's own foreign currency reserves, and thus shore up the local currency's strength. Now what They're also, in all likelihood, intended to help improve President Mauricio Macri's chances of winning reelection in Octob
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GGAL
News
- Grupo Financiero Galicia S.A. (NASDAQ: GGAL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- HSBC Joins Firms Exiting Argentina Amid Milei Economic Makeover [Yahoo! Finance]Yahoo! Finance
- EMERGING MARKETS-Mexico's peso slips after inflation data; Latam stocks rise [Yahoo! Finance]Yahoo! Finance
- HSBC to take $1bn hit on sale of Argentina unit [FT.com - Mergermarket]FT.com - Mergermarket
- HSBC to take $1bn hit on sale of Argentina unit [Financial Times (FT.com) (UK)]Financial Times
GGAL
Sec Filings
- 4/9/24 - Form 6-K
- 3/27/24 - Form 6-K
- 3/11/24 - Form 6-K
- GGAL's page on the SEC website