Tesco (OTCMKTS:TSCDD) Shares Up 0.5% - Should You Buy?

Key Points

• Tesco PLC shares rose by 0.5%, trading at $16.88 during mid-day on Thursday, following a decline in trading volume compared to the average session.
• The stock's 50-day moving average is at $16.60, while the 200-day moving average stands at $15.02.
• Tesco operates as a grocery retailer in various countries, including the UK, Ireland, and parts of Europe and Asia, and also provides retail banking and insurance services.

Tesco PLC (OTCMKTS:TSCDD - )'s share price shot up 0.5% during mid-day trading on Thursday . The stock traded as high as $16.91 and last traded at $16.88. 152,496 shares were traded during mid-day trading, a decline of 42% from the average session volume of 264,678 shares. The stock had previously closed at $16.79.

Tesco Stock Performance

The stock's 50-day moving average is $16.60 and its 200-day moving average is $15.02.

Tesco Company Profile

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company operates through convenience and hypermarket store formats, as well as engages in the wholesale business. It also provides retail banking and insurance services. The company operates in the United Kingdom, the Republic of Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, and Thailand.

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