Cemex S.A.B. de C.V. (CX) has risen sharply, recording gains of 25.36% in the past 4 weeks. However, the stock has corrected -0.92% 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 24.88% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
CEMEX, S.A.B. de C.V. is up 33.69% in the last 3-month period. Year-to-Date the stock performance stands at 61.51%. The stock has recorded a 20-day Moving Average of 9.59% and the 50-Day Moving Average is 24.25%.
Cemex S.A.B. de C.V. (NYSE:CX): The stock opened at $8.56 on Friday but the bulls could not build on the opening and the stock topped out at $8.70 for the day. The stock traded down to $8.45 during the day, due to lack of any buying support eventually closed down at $8.65 with a loss of -0.46% for the day. The stock had closed at $8.69 on the previous day. The total traded volume was 13,427,039 shares.
Also, Brokerage firm Santander downgrades its rating on Cemex S.A.B. de C.V. (NYSE:CX). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 15, 2016.
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.