Should You Buy Companhia Brasileira de Distribuicao (CBD) Stock on Monday?

Monday, October 25, 2021 12:58 PM | InvestorsObserver Analysts

Mentioned in this article

Should You Buy Companhia Brasileira de Distribuicao (CBD) Stock on Monday?

Overall market sentiment has been down on Companhia Brasileira de Distribuicao (CBD) stock lately. CBD receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Companhia Brasileira de Distribuicao has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CBD!

See Full CBD Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With CBD Stock Today?

Companhia Brasileira de Distribuicao (CBD) stock is trading at $4.77 as of 12:47 PM on Monday, Oct 25, an increase of $0.07, or 1.49% from the previous closing price of $4.70. The stock has traded between $4.65 and $4.77 so far today. Volume today is low. So far 497,308 shares have traded compared to average volume of 1,328,785 shares.

More About Companhia Brasileira de Distribuicao

Companhia Brasileira De Distribuicao, or GPA, is part of Casino Group, a Brazilian retail and distribution group. The company has a multichannel, multiformat, and multiregional approach. It operates in Latin America. GPA operates various store concepts under different names: MultiVarejo (Pao de Acucar, Extra and Proximity units), Assai Atacadista, Via Varejo, GPA Malls, and Cnova. The firm's specialties include supermarkets, hypermarkets, electronics and household appliances, convenience stores, its cash-and-carry segment, and e-commerce operations. Click Here to get the full Stock Report for Companhia Brasileira de Distribuicao stock.