Shares of Cemex S.A.B. de C.V. (CX) Rally 8.47%

Cemex S.A.B. de C.V. (CX) : Traders are bullish on Cemex S.A.B. de C.V. (CX) as it has outperformed the S&P 500 by a wide margin of 2.61% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.87%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.47% in the last 1 week, and is up 7.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 8.73% and the 50-Day Moving Average is 5.78%.

Cemex S.A.B. de C.V. (NYSE:CX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.76 and $6.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.79, notching a gain of 0.15% for the day. The total traded volume was 7,836,265 . The stock had closed at $6.78 on the previous day.


The company Insiders own 1% of Cemex S.A.B. de C.V. shares according to the proxy statements. Institutional Investors own 29.23% of Cemex S.A.B. de C.V. shares.

CEMEX, S.A.B. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in more than 50 countries throughout the world. The Company operates in geographical segments: Mexico, United States, Northern Europe, Mediterranean, South America and the Caribbean (SAC), and Asia. Its types of cement include Gray Ordinary Portland Cement, White Portland Cement, Masonry or Mortar, Oil-well Cement and Blended Cement. The Companys main cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, the Philippines, Poland, the Dominican Republic, the United Kingdom, Croatia, Panama, Latvia, Puerto Rico, Thailand, Costa Rica and Nicaragua.

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