Company Shares of Cemex S.A.B. de C.V. Rally 1.12%

Stocks of Cemex S.A.B. de C.V. (NYSE:CX) rallied by 1.12% during the past week but lost 2.01% on a 4-week basis. The company has outperformed the S&P 500 by 2.33% in the past week but underperformed the index by 2.9% in the last 4 weeks.

Cemex S.A.B. de C.V. (NYSE:CX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.26 and $6.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.34, notching a gain of 2.42% for the day. The total traded volume was 6,398,509 . The stock had closed at $6.19 on the previous day.

The company shares have dropped -31.81% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $9.40 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $6.59 and the 200 Day Moving Average price is recorded at $5.80.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Citigroup reinstates its ratings on Cemex S.A.B. de C.V. (NYSE:CX). In the latest research report, Citigroup raises the target price from $7 per share to $8.3 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on April 26, 2016. Currently the company Insiders own 1% of Cemex S.A.B. de C.V. shares according to the proxy statements. Institutional Investors own 29.09% of Cemex S.A.B. de C.V. shares.

CEMEX, S.A.B. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in more than 50 countries throughout the world. The Company operates in geographical segments: Mexico, United States, Northern Europe, Mediterranean, South America and the Caribbean (SAC), and Asia. Its types of cement include Gray Ordinary Portland Cement, White Portland Cement, Masonry or Mortar, Oil-well Cement and Blended Cement. The Companys main cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, the Philippines, Poland, the Dominican Republic, the United Kingdom, Croatia, Panama, Latvia, Puerto Rico, Thailand, Costa Rica and Nicaragua.

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