Companhia Brasileira de Distribuicao (CBD) has risen sharply, recording gains of 26.2% in the past 4 weeks. However, the stock has corrected -0.3% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 18.22% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Companhia Brasileira de Distribuicao (NYSE:CBD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.81 and $16.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.81, notching a gain of 0.18% for the day. The total traded volume was 1,040,808 . The stock had closed at $16.78 on the previous day.
The stock has recorded a 20-day Moving Average of 11.36% and the 50-Day Moving Average is 25.69%. Companhia Brasileira de Distribuicao is up 19.93% in the last 3-month period. Year-to-Date the stock performance stands at 59.84%.
Companhia Brasileira De Distribuicao (Grupo Pao de Acucar) is a Brazil-based company which is engaged in the retail of food, clothing, home appliances, fuel, drugs and other products. The Company distributes its products through chains of hypermarkets, supermarkets, specialty shops, department stores, fuel stations, drug stores and online shops. It sells products under various brand names, such as Pao de Acucar, Extra, Extra Super, Extra Facil, Assai, Ponto Frio and Casas Bahia, among others. The Company operates 50 distribution centers in 13 Brazilian states and 1,571 stores in 18 Brazilian states as well as one store in Distrito Federal. The Company operates through four segments: Retail, Home Appliances, Cash & Carry and E-commerce. As of December 31, 2011, the Companys subsidiaries included Novasoc Comercial Ltda, Globex Administracao de Consorcios Ltda, Vancouver Empreendimentos e Participacoes Ltda and CBD Holland BV, among others.