Magazine Luiza (OTCMKTS:MGLUY) Trading Up 13% – Here’s What Happened

Magazine Luiza S.A. (OTCMKTS:MGLUY) shares shot up 13% during trading on Tuesday . The stock traded as high as $6.78 and last traded at $6.78. 500 shares changed hands during mid-day trading, an increase of 50% from the average session volume of 333 shares. The stock had previously closed at $6.00.

Magazine Luiza Trading Up 0.3%

The firm has a fifty day moving average of $7.37 and a two-hundred day moving average of $7.07.

About Magazine Luiza

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. Further, the company provides integration, logistics, and technological solutions, as well as resale goods and provision of services in the stores, electronic and food delivery management platform.