Magazine Luiza S.A. (OTCMKTS:MGLUY – Get Free Report) was up 7.7% on Thursday. The company traded as high as $8.62 and last traded at $8.62. Approximately 6,968 shares changed hands during mid-day trading, an increase of 488% from the average daily volume of 1,185 shares. The stock had previously closed at $8.00.
Magazine Luiza Price Performance
The firm has a fifty day simple moving average of $4.57 and a 200 day simple moving average of $4.96.
About Magazine Luiza
Magazine Luiza SA, commonly known as Magalu, is a Brazilian retail and technology company that operates an omnichannel platform serving consumers across Brazil. The company sells a broad range of products, including electronics, appliances, furniture, smartphones, computers, household goods, personal-care products and other consumer merchandise.
Magalu serves customers through a nationwide network of physical stores and digital channels, including its e-commerce website and mobile application.
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