Magazine Luiza (OTC:MGLUY) Shares Down 2.5% – Should You Sell?

Magazine Luiza S.A. (OTC:MGLUYGet Free Report)’s stock price dropped 2.5% during trading on Tuesday . The stock traded as low as $6.94 and last traded at $6.94. Approximately 800 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 883 shares. The stock had previously closed at $7.12.

Magazine Luiza Price Performance

The firm’s 50-day moving average price is $5.54 and its two-hundred day moving average price is $6.02.

Magazine Luiza Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for Magazine Luiza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magazine Luiza and related companies with MarketBeat.com's FREE daily email newsletter.