Magazine Luiza S.A. (OTCMKTS:MGLUY – Get Free Report) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $5.78 and traded as low as $3.70. Magazine Luiza shares last traded at $3.95, with a volume of 95,917 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Citigroup upgraded Magazine Luiza from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 20th. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.
Check Out Our Latest Stock Report on MGLUY
Magazine Luiza Price Performance
The business’s fifty day moving average price is $5.78 and its 200 day moving average price is $5.75.
About Magazine Luiza
Magazine Luiza SA, commonly known as Magalu, is a Brazilian retail and technology company that operates through an omnichannel platform combining physical stores, e-commerce, mobile applications and digital marketplaces. The company serves consumers primarily in Brazil and sells a broad range of products, including consumer electronics, appliances, furniture, mobile phones, computers, home goods, beauty products and other general merchandise.
In addition to selling products directly, Magalu operates a marketplace that enables third-party retailers and brands to reach customers through its digital channels.
Further Reading
- Five stocks we like better than Magazine Luiza
- Boeing Got Its MAX 10 Approval, But Q3 Delivered a Reality Check
- The Invisible AI Backbone: Corning’s AI Fiber Play
- Heavy Metal: Why Nucor Could Be an Overlooked AI Infrastructure Winner
- Why Tesla’s Upside Is About More Than a SpaceX Merger
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 MarketBeat.com's FREE daily email newsletter.
