Magazine Luiza (OTC:MGLUY) Trading Down 0.6% – Here’s Why

by · The Markets Daily

Shares of Magazine Luiza S.A. (OTC:MGLUY – Get Free Report) were down 0.6% during mid-day trading on Tuesday . The stock traded as low as $6.91 and last traded at $6.91. Approximately 265 shares were traded during trading, a decline of 18% from the average daily volume of 323 shares. The stock had previously closed at $6.95.

Magazine Luiza Trading Down 2.6 %

The firm has a fifty day simple moving average of $7.80 and a 200-day simple moving average of $15.25.

About Magazine Luiza

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Magazine Luiza SA engages in the retail sale of consumer goods. It operates through Retail, Financial Operations, Insurance Operations, and Other Services segments. The company also grants credit and provides extended warranties for its products. In addition, it is involved in the provision of consortium and management services; and e-commerce of perfumes, cosmetics, sports, and fashion products, as well as product delivery management and software development services.

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