Comp En De Mn Cemig ADS (CIG) Shares are Down -7.96%

Comp En De Mn Cemig ADS (CIG) : During the past 4 weeks, traders have been relatively bearish on Comp En De Mn Cemig ADS (CIG), hence the stock is down -3.77% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -7.35% relative to the S&P 500. The 4-week change in the price of the stock is -3.97% and the stock has fallen -7.96% in the past 1 week.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 6.88% and the fifty day Moving Average is 5.87%. Companhia Energetica de Minas Gerais S.A. is up 84.72% in the last three month period. Year-to-Date the stock performance stands at 92.26%.


Comp En De Mn Cemig ADS (NYSE:CIG): On Fridays trading session , Opening price of the stock was $2.72 with an intraday high of $2.83. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $2.64. However, the stock managed to close at $2.66, a loss of 1.48% for the day. On the previous day, the stock had closed at $2.7. The total traded volume of the day was 4,675,141 shares.

Companhia Energetica de Minas Gerais CEMIG is a Brazil-based holding company mainly engaged in the generation, transmission and distribution of electricity. The Company operates through the segments: Generation, Transmission, Distribution, Telecom, Gas and Other. The Company generates electricity at approximately 78 hydroelectric plants, three thermoelectric plants and 23 wind farms. Its electric power transmission business consists of transporting power from the facilities where it is generated to points of consumption, distribution networks and Free Consumers. Its distribution operation consists of transfers of electricity from distribution substations to final consumers. It is also engaged in telecommunications, national and international energy solutions consulting business, exploitation of natural gas, sale and trading of electricity, trading electricity, and acquisition, transport and distribution of gas and its sub products and derivatives.

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