Magazine Luiza (OTC:MGLUY) Trading 17.8% Higher – Time to Buy?

Magazine Luiza S.A. (OTC:MGLUYGet Free Report)’s stock price traded up 17.8% on Monday . The stock traded as high as $6.20 and last traded at $5.95. 1,293 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 964 shares. The stock had previously closed at $5.05.

Magazine Luiza Stock Up 17.8 %

The firm’s fifty day moving average price is $4.67 and its 200 day moving average price is $6.22.

About Magazine Luiza

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Magazine Luiza SA engages in the retail sale of consumer goods. It operates through Retail, Financial Operations, Insurance Operations, and Other Services segments. The company also grants credit and provides extended warranties for its products. In addition, it is involved in the provision of consortium and management services; and e-commerce of perfumes, cosmetics, sports, and fashion products, as well as product delivery management and software development services.

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