Companhia Brasileira de Distribuição (NYSE:CBD) Shares Gap Down to $3.72Posted by On



Companhia Brasileira de Distribuição (NYSE:CBDGet Rating)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $3.72, but opened at $3.57. Companhia Brasileira de Distribuição shares last traded at $3.55, with a volume of 5,481 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Companhia Brasileira de Distribuição from a “buy” rating to a “hold” rating in a research report on Friday, November 18th.

Companhia Brasileira de Distribuição Stock Performance

The business has a fifty day simple moving average of $3.74 and a two-hundred day simple moving average of $3.65. The company has a quick ratio of 0.64, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Banco BTG Pactual S.A. lifted its holdings in Companhia Brasileira de Distribuição by 9,361.8% in the 3rd quarter. Banco BTG Pactual S.A. now owns 2,290,890 shares of the company’s stock valued at $8,110,000 after purchasing an additional 2,266,678 shares in the last quarter. Millennium Management LLC increased its stake in shares of Companhia Brasileira de Distribuição by 59.3% in the 2nd quarter. Millennium Management LLC now owns 1,414,300 shares of the company’s stock worth $4,384,000 after…

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