Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $34.96 and traded as low as $32.78. Compagnie Générale des Établissements Michelin Société en commandite par actions shares last traded at $32.78, with a volume of 340 shares changing hands.

Compagnie Générale des Établissements Michelin Société en commandite par actions Price Performance

The firm’s 50-day moving average is $34.96 and its 200 day moving average is $34.39.

Institutional Investors Weigh In On Compagnie Générale des Établissements Michelin Société en commandite par actions

A hedge fund recently bought a new stake in Compagnie Générale des Établissements Michelin Société en commandite par actions stock. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 29,068 shares of the company’s stock, valued at approximately $956,000. 33.43% of the stock is currently owned by institutional investors and hedge funds.

Compagnie Générale des Établissements Michelin Société en commandite par actions Company Profile

Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses.