Magazine Luiza S.A. (OTC:MGLUY – Get Free Report)’s share price rose 8.3% during mid-day trading on Wednesday . The stock traded as high as $6.50 and last traded at $6.50. Approximately 210 shares were traded during trading, an increase of 2% from the average daily volume of 205 shares. The stock had previously closed at $6.00.
Magazine Luiza Stock Up 8.3%
The firm has a fifty day moving average of $6.98 and a 200 day moving average of $6.42.
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.
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