Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:GRBMF – Get Free Report) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $3.37 and traded as high as $3.48. Grupo Bimbo shares last traded at $3.48, with a volume of 1,500 shares trading hands.
Grupo Bimbo Stock Performance
The firm has a 50 day simple moving average of $3.25 and a two-hundred day simple moving average of $3.37.
About Grupo Bimbo
Grupo Bimbo, SAB. de C.V. is a Mexico-based multinational food company and one of the world’s largest baking businesses. Founded in Mexico City in 1945, the company produces, distributes and sells packaged bakery and snack foods through retail stores, food-service channels and other distribution outlets.
Its product portfolio includes sliced bread, buns, rolls, pastries, cakes, cookies, tortillas, English muffins and savory snacks. Grupo Bimbo markets products under a broad range of regional and international brands, including Bimbo, Marinela, Barcel, Tía Rosa, Arnold, Oroweat and Thomas’.
The company serves consumers across North America, Latin America, Europe, Asia and other international markets, with operations spanning numerous countries.
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