Companhia Brasileira de Distribuicao (CBD) has been under a strong bear grip, hence the stock is down -2.96% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 6.45% in the past 1 week. The stock has risen by 6.51% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.96% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 3.39% and the 50-Day Moving Average is 14.11%. Companhia Brasileira de Distribuicao (NYSE:CBD): stock turned positive on Friday. Though the stock opened at $16.11, the bulls momentum made the stock top out at $16.87 level for the day. The stock recorded a low of $16.05 and closed the trading day at $16.53, in the green by 1.85%. The total traded volume for the day was 615,199. The stock had closed at $16.23 in the previous days trading.
Institutional Investors own 9.81% of Companhia Brasileira de Distribuicao shares.
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.