Credicorp (BAP) Shares Soar 0.96% on Wall Street Zen Upgrade

Credicorp (BAP) shares surged 0.96% today, marking the fourth consecutive day of gains, with a total increase of 3.71% over the past four days. The stock price reached its highest level since February 2020, with an intraday gain of 1.50%.

The strategy of buying BAP shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 9.54% annualized return and a 37.12% total return as of the latest data point in May 2025. However, the volatility is relatively high, with a maximum drawdown of 15.78% during the same period, indicating that this strategy is suitable for risk-tolerant investors seeking short-term gains.

Credicorp's stock has been influenced by a recent rating change from Wall Street Zen, which upgraded the shares from a hold rating to a buy rating. This upgrade is expected to positively impact investor sentiment and potentially drive the stock price higher. The change in rating reflects a more optimistic outlook on the company's future performance and growth prospects.