Magazine Luiza (OTC:MGLUY) Stock Price Down 10.2%

Shares of Magazine Luiza S.A. (OTC:MGLUYGet Free Report) were down 10.2% on Thursday . The stock traded as low as $2.02 and last traded at $2.02. Approximately 10,021 shares changed hands during mid-day trading, an increase of 262% from the average daily volume of 2,768 shares. The stock had previously closed at $2.25.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. downgraded Magazine Luiza from an “overweight” rating to a “neutral” rating in a report on Friday, June 2nd.

Read Our Latest Report on MGLUY

Magazine Luiza Trading Down 10.2 %

The firm’s 50-day simple moving average is $2.41 and its 200 day simple moving average is $2.76.

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 management services; and e-commerce of perfumes, cosmetics, sports, and fashion products, as well as product delivery management and software development services.

Featured Stories

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's FREE daily email newsletter.