Companhia Brasileira de Distribuicao (CBD) has risen sharply, recording gains of 1.24% in the past 4 weeks. However, the stock has corrected -4.82% 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 1.78% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.81% and the 50-Day Moving Average is 2.35%.The 200 Day SMA reached 24.08%
Companhia Brasileira de Distribuicao (NYSE:CBD): After opening at $16.44, the stock dipped to an intraday low of $16.31 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $16.63 and the buying power remained strong till the end. The stock closed at $16.39 for the day, a gain of 0.06% for the day session. The total traded volume was 677,632. The stocks close on the previous trading day was $16.39.
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.