Magazine Luiza S.A. (OTC:MGLUY – Get Free Report) shares rose 5.2% during mid-day trading on Wednesday . The company traded as high as $4.25 and last traded at $4.25. Approximately 7,748 shares changed hands during trading, an increase of 232% from the average daily volume of 2,337 shares. The stock had previously closed at $4.04.
Magazine Luiza Stock Performance
The business’s 50-day simple moving average is $5.16 and its 200-day simple moving average is $7.12.
Magazine Luiza Company Profile
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.
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