Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF – Get Free Report) shares dropped 5.9% during mid-day trading on Friday . The company traded as low as $14.00 and last traded at $14.00. 100 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 2,517 shares. The stock had previously closed at $14.87.
Gruma Stock Performance
The company’s 50-day moving average is $15.65 and its 200-day moving average is $17.38.
Institutional Trading of Gruma
An institutional investor recently bought a new stake in Gruma stock. McMillan Office Inc. acquired a new stake in Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,600 shares of the company’s stock, valued at approximately $476,000. Hedge funds and other institutional investors own 19.30% of the company’s stock.
About Gruma
Gruma, SAB. de C.V. is a Mexico-based multinational food processing company and one of the world’s leading producers of corn flour and tortillas. The company’s core business activities include the manufacture, marketing and sale of corn flour, wheat flour and related products under a portfolio of well-known brands such as Maseca, Mission and Guerrero. Gruma also produces and distributes a variety of flatbreads, snack foods and bakery items tailored to both retail consumers and the foodservice industry.
Founded in 1949 by Roberto González Barrera, Gruma has grown from a single tortilla plant in Monterrey into a global enterprise.
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