Shares of Grupo Bimbo, S.A.B. de C.V. (OTCMKTS:GRBMF – Get Free Report) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $3.37 and traded as high as $3.48. Grupo Bimbo shares last traded at $3.48, with a volume of 1,500 shares trading hands.
Grupo Bimbo Trading Up 18.8%
The stock’s fifty day moving average is $3.25 and its two-hundred day moving average is $3.37.
About Grupo Bimbo
Grupo Bimbo, SAB. de C.V. is a Mexico-based multinational food company and one of the world’s largest baking companies. Founded in Mexico City in 1945, the company produces, distributes and sells packaged bakery and snack products through a broad portfolio of brands.
Its products include sliced bread, buns and rolls, tortillas, pastries, cakes, cookies, sweet baked goods, bagels, English muffins and savory snacks. Key brands include Bimbo, Marinela, Tía Rosa, Barcel, Takis, Sara Lee, Entenmann’s, Thomas’, Arnold and Oroweat, although product offerings vary by market.
Grupo Bimbo serves consumers across Mexico, the United States, Canada, Latin America, Europe, Asia and Africa.
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