Stock Price of Comp En De Mn Cemig ADS (CIG) Decreases -1.03%

Comp En De Mn Cemig ADSs in-depth stock price analysis indicates that the stock price has rallied 23.18% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 7.89% . Looking at the past 52 week period, the stock price is up at 93.92% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Comp En De Mn Cemig ADS has a positive value of 0.89 compared to overall market. Comp En De Mn Cemig ADS (NYSE:CIG) has tumbled 1.03% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 10.39% in the last four weeks. The stocks have underperformed the S&P 500 by 1.83% during the past week but Comp En De Mn Cemig ADS (NYSE:CIG) it has outperformed the index in 4 weeks by 8.41%.

Comp En De Mn Cemig ADS (NYSE:CIG) : On Friday heightened volatility was witnessed in Comp En De Mn Cemig ADS (NYSE:CIG) which led to swings in the share price. The stock opened for trading at $2.83 and hit $2.93 on the upside , eventually ending the session at $2.87, with a gain of 3.61% or 0.1 points. The heightened volatility saw the trading volume jump to 15,800,599 shares. The 52-week high of the share price is $3.08 and the company has a market cap of $3,613 million. The 52-week low of the share price is at $1.4 .

CEMIG SA -ADR is active in the generation, transmission, distribution and commercialization business, Cemig continues to invest in the expansion of its services and in new technologies so as to remain a top notch company nationwide. Using power sources such as hydraulic, thermal, wind and solar power and even other more advanced technologies, such as hydrogen fuel cells, Cemig goes on providing, under any circumstances, alternatives for the supply and commercialization of electric energy.

Comp

Share this post

Leave a Reply