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Tesco (OTCMKTS:TSCDD) Shares Down 1.4% - What's Next?

Tesco logo with Consumer Defensive background

Key Points

  • Tesco PLC shares fell by 1.4% during mid-day trading, closing at $17.29 after previously trading as low as $17.22.
  • Trading volume was down by 18%, with 216,094 shares exchanged compared to the average session volume of 264,678 shares.
  • The company operates as a grocery retailer with additional services in banking and insurance, and has a presence in several countries including the UK and Malaysia.
  • Five stocks to consider instead of Tesco.

Shares of Tesco PLC (OTCMKTS:TSCDD - Get Free Report) were down 1.4% during mid-day trading on Friday . The stock traded as low as $17.22 and last traded at $17.29. Approximately 216,094 shares changed hands during trading, a decline of 18% from the average daily volume of 264,678 shares. The stock had previously closed at $17.53.

Tesco Stock Performance

The firm's 50 day moving average price is $16.96 and its 200-day moving average price is $15.41.

About Tesco

(Get Free Report)

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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