Companhia Brasileira de Distribuicao (NYSE:CBD) has risen sharply, recording gains of 15.51% in the past 4 weeks. However, the stock has corrected -0.41% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 13.67% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have dropped -38.24% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $24.12 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $12.74 and the 200 Day Moving Average price is recorded at $12.07.
The stock has recorded a 20-day Moving Average of 9.67% and the 50-Day Moving Average is 12.64%.
Companhia Brasileira de Distribuicao (NYSE:CBD): stock turned positive on Friday. Though the stock opened at $14.55, the bulls momentum made the stock top out at $14.635 level for the day. The stock recorded a low of $14.31 and closed the trading day at $14.6, in the green by 3.47%. The total traded volume for the day was 696,868. The stock had closed at $14.11 in the previous days trading.
Companhia Brasileira De Distribuicao (Grupo Pao de Acucar) is a Brazil-based company which is engaged in the retail of food, clothing, home appliances, fuel, drugs and other products. The Company distributes its products through chains of hypermarkets, supermarkets, specialty shops, department stores, fuel stations, drug stores and online shops. It sells products under various brand names, such as Pao de Acucar, Extra, Extra Super, Extra Facil, Assai, Ponto Frio and Casas Bahia, among others. The Company operates 50 distribution centers in 13 Brazilian states and 1,571 stores in 18 Brazilian states as well as one store in Distrito Federal. The Company operates through four segments: Retail, Home Appliances, Cash & Carry and E-commerce. As of December 31, 2011, the Companys subsidiaries included Novasoc Comercial Ltda, Globex Administracao de Consorcios Ltda, Vancouver Empreendimentos e Participacoes Ltda and CBD Holland BV, among others.