Magazine Luiza (OTC:MGLUY) Shares Scheduled to Reverse Split on Tuesday, May 28th

Shares of Magazine Luiza S.A. (OTC:MGLUY) are scheduled to reverse split on the morning of Tuesday, May 28th. The 1-10 reverse split was announced on Tuesday, May 28th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, May 28th.

Magazine Luiza Price Performance

OTC MGLUY opened at $11.90 on Friday. Magazine Luiza has a 1-year low of $1.00 and a 1-year high of $3.15. The stock has a 50-day moving average of $2.79 and a 200-day moving average of $2.03.

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 management services; and e-commerce of perfumes, cosmetics, sports, and fashion products, as well as product delivery management and software development services.