Tesco (OTCMKTS:TSCDD) Trading Down 1.9% – Here’s What Happened

Shares of Tesco PLC (OTCMKTS:TSCDDGet Free Report) fell 1.9% on Tuesday . The stock traded as low as $16.6545 and last traded at $16.67. 307,374 shares changed hands during trading, an increase of 16% from the average session volume of 264,678 shares. The stock had previously closed at $17.00.

Tesco Price Performance

The company has a 50-day moving average of $18.00 and a 200-day moving average of $17.67.

About Tesco

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Tesco plc is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, Hertfordshire. Founded in 1919 by Jack Cohen, the company grew from market stalls into one of the United Kingdom’s largest retailers. Tesco’s core business is food retailing, operated through a range of store formats including large-format hypermarkets, supermarkets, and convenience stores, supported by an established online grocery operation and home delivery services.

Beyond groceries, Tesco offers a broad mix of products and services such as clothing (the F&F brand), household goods, petrol forecourts, and general merchandise.

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