Fomento Economico Mexicano S.A.B. de C.V. (FMX) has been under a strong bear grip, hence the stock is down -0.34% 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 0.14% in the past 1 week. The stock has risen by 0.31% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.87% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.96% and the 50-Day Moving Average is 0.45%.The 200 Day SMA reached 0.63%
Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX): After opening at $91.93, the stock dipped to an intraday low of $91.88 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $93.21 and the buying power remained strong till the end. The stock closed at $92.04 for the day, a gain of 0.44% for the day session. The total traded volume was 887,864. The stocks close on the previous trading day was $92.04.
Fomento Economico Mexicano S.A.B. de C.V. (FMX) : Currently there are 4 street experts covering Fomento Economico Mexicano S.A.B. de C.V. (FMX) stock. The most bullish and bearish price target for the stock is $115 and $105 respectively for the short term. The average price target of all the analysts comes to $110.5. The estimated standard deviation from the target is $4.2.
Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA) is a holding company. The Company conducts its operations through principal holding companies, each of which it refers to as a principal sub-holding company. These companies are Coca-Cola FEMSA, S.A.B. de C.V. (Coca-Cola FEMSA), which engages in the production, distribution and marketing of beverages, and FEMSA Comercio, S.A. de C.V. (FEMSA Comercio), which operates small-format stores, and CB Equity, LLP (CB Equity), which holds its investment in Heineken N.V. and Heineken Holding N.V. The Companys Coca-Cola FEMSA produces, markets, sells and distributes Coca-Cola trademark beverages through standard bottler agreements in certain territories in the countries in which it operates. Coca-Cola FEMSA also sells bottled water products in bulk sizes. FEMSA Comercio operates a chain of small-format stores in Mexico.