Magazine Luiza S.A. (OTC:MGLUY – Get Free Report) dropped 5.1% on Wednesday . The company traded as low as $6.54 and last traded at $6.54. Approximately 870 shares were traded during trading, a decline of 24% from the average daily volume of 1,146 shares. The stock had previously closed at $6.89.
Magazine Luiza Price Performance
The firm’s fifty day moving average price is $6.84 and its 200-day moving average price is $6.54.
Magazine Luiza Company Profile
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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