Magazine Luiza (OTC:MGLUY) Stock Price Down 5% – What’s Next?

Magazine Luiza S.A. (OTC:MGLUYGet Free Report) shares fell 5% during trading on Tuesday . The stock traded as low as $7.48 and last traded at $7.48. 192 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 1,191 shares. The stock had previously closed at $7.87.

Magazine Luiza Stock Up 1.0%

The firm’s fifty day moving average is $6.93 and its 200 day moving average is $6.43.

Magazine Luiza Company Profile

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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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