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Grupo Mexico (OTCMKTS:GMBXF) Shares Gap Down - Should You Sell?

Grupo Mexico logo with Multi-Sector Conglomerates background

Key Points

  • Grupo Mexico's share price experienced a significant drop, opening at $5.92 after closing at $6.50, indicating volatility in the stock market.
  • Morgan Stanley has upgraded Grupo Mexico to an "overweight" rating, suggesting a positive outlook for the stock's future performance.
  • The company's 50-day simple moving average is currently $5.87, while the two-hundred day moving average stands at $5.35, reflecting recent trends in its stock performance.
  • Interested in Grupo Mexico? Here are five stocks we like better.

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $6.50, but opened at $5.92. Grupo Mexico shares last traded at $6.25, with a volume of 4,613 shares changing hands.

Analyst Ratings Changes

Separately, Morgan Stanley raised shares of Grupo Mexico to an "overweight" rating in a report on Tuesday, July 15th.

Check Out Our Latest Research Report on GMBXF

Grupo Mexico Trading Down 3.4%

The business's fifty day moving average price is $5.89 and its 200 day moving average price is $5.37.

Grupo Mexico Company Profile

(Get Free Report)

Grupo México, SAB. de C.V. engages in copper production, cargo transportation, and infrastructure businesses worldwide. The company operates through Mining, Transportation, and Infrastructure divisions. The Mining division explores for copper, silver, molybdenum, zinc, sulfuric acid, gold, and selenium.

See Also

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