Lojas Renner (OTCMKTS:LRENY) Stock Price Down 11.1% – Should You Sell?

Lojas Renner S.A. (OTCMKTS:LRENYGet Free Report)’s stock price fell 11.1% during mid-day trading on Tuesday . The stock traded as low as $3.11 and last traded at $3.11. 600 shares traded hands during trading, a decline of 95% from the average session volume of 13,038 shares. The stock had previously closed at $3.50.

Lojas Renner Price Performance

The business has a 50-day moving average of $3.11 and a 200 day moving average of $3.11.

Lojas Renner Company Profile

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Lojas Renner SA is Brazil’s largest department store chain, specializing in apparel, footwear, accessories, cosmetics and home textiles. Headquartered in Porto Alegre, the company operates a nationwide network of retail outlets complemented by a robust e-commerce platform. Through its own-brand labels and carefully selected third-party merchandise, Lojas Renner serves a fashion-conscious clientele across urban and regional markets in all Brazilian states.

Founded in 1922, Lojas Renner has evolved from a single city retailer into a multi-brand, multi-channel enterprise.

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