Grupo Comercial Chedraui (OTCMKTS:GCHEF) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF – Get Free Report) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $5.49 and traded as low as $4.8620. Grupo Comercial Chedraui shares last traded at $4.8620, with a volume of 400 shares.

Grupo Comercial Chedraui Trading Down 6.5%

The business has a 50-day moving average price of $5.22 and a 200-day moving average price of $5.49.

Grupo Comercial Chedraui Company Profile

(Get Free Report)

Grupo Comercial Chedraui, SAB. de C.V. is a Mexico-based retail company that operates supermarkets and other grocery-focused stores. Its merchandise typically includes food, beverages, fresh produce, household products, personal-care items, apparel and general merchandise. The company serves consumers through a range of store formats, including Chedraui, Super Chedraui, Chedraui Selecto and Supercito.

Founded in 1920 as a family-owned business in Xalapa, Veracruz, Chedraui has expanded into one of Mexico’s major grocery retailers.

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