Companhia Brasileira de Distribuicao (CBD) Sees Unusually-High Trading Volume

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Shares of Companhia Brasileira de Distribuicao (NYSE:CBD) saw an uptick in trading volume on Tuesday . 690,938 shares changed hands during trading, an increase of 4% from the previous session’s volume of 661,374 shares.The stock last traded at $15.22 and had previously closed at $15.70.
A number of brokerages have issued reports on CBD. Deutsche Bank AG raised Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating in a research note on Tuesday, June 7th. Zacks Investment Research raised Companhia Brasileira de Distribuicao from a “sell” rating to a “hold” rating in a research note on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Companhia Brasileira de Distribuicao presently has an average rating of “Hold” and a consensus price target of $12.50.
The company’s market capitalization is $4.07 billion. The company’s 50 day moving average price is $15.90 and its 200 day moving average price is $14.08.

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Several hedge funds and other institutional investors have recently bought and sold shares of CBD. Ameriprise Financial Inc. boosted its position in Companhia Brasileira de Distribuicao by 12.6% in the second quarter. Ameriprise Financial Inc. now owns 16,361 shares of the company’s stock worth $238,000 after buying an additional 1,830 shares during the period. BlackRock Inc. boosted its position in Companhia Brasileira de Distribuicao by 0.9% in the first quarter. BlackRock Inc. now owns 219,818 shares of the company’s stock worth $3,058,000 after buying an additional 1,899 shares during the period. Parametric Portfolio Associates LLC boosted its position in Companhia Brasileira de Distribuicao by 2.5% in the second quarter. Parametric Portfolio Associates LLC now owns 94,286 shares of the company’s stock worth $1,372,000 after buying an additional 2,284 shares during the period. State Street Corp boosted its position in Companhia Brasileira de Distribuicao by 0.5% in the first quarter. State Street Corp now owns 492,060 shares of the company’s stock worth $6,842,000 after buying an additional 2,472 shares during the period. Finally, Global X Management Co. LLC boosted its position in Companhia Brasileira de Distribuicao by 25.6% in the second quarter. Global X Management Co. LLC now owns 18,094 shares of the company’s stock worth $263,000 after buying an additional 3,690 shares during the period. Institutional investors own 9.14% of the company’s stock.
Companhia Brasileira de Distribuicao Company Profile
Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores. The Company’s operating segments include Retail segment, Cash and carry segment, Home appliances segment and E-commerce segment.

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