|Bid||0.00 x 2200|
|Ask||0.00 x 3100|
|Day's Range||5.23 - 5.52|
|52 Week Range||3.82 - 17.46|
|Beta (5Y Monthly)||0.82|
|PE Ratio (TTM)||2.88|
|Forward Dividend & Yield||0.43 (5.40%)|
|Ex-Dividend Date||May 06, 2021|
|1y Target Est||11.50|
Shares of Brazilian retailer Companhia Brasileira de Distribuição (NYSE: CBD) surged 15.5% through 1:30 p.m. EDT Friday after the supermarket and "hypermarket" operator announced the cession of 71 separate "commercial points located in several federative units of Brasil" to rival retailer Sendas Distribuidora SA, known as Assaí. Companhia Brasileira de Distribuição (CBD) operates a lot of stores -- nearly 900 of various kinds and sizes. It plans to cede operational control of 71 Extra Hiper-branded stores -- 17 of which it owns and the rest of which it only leases -- to rival Assaí.
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts usually don’t make them change their opinion towards a company. This time it may be different. The coronavirus pandemic destroyed the high correlations among major industries and asset classes. We are […]
The retail industry provides a variety of finished goods, both durable and non-durable, to individual consumers and households. Products sold by retail companies include apparel, electronics, furniture, kitchenware, sporting goods, books, and toys. The earnings and revenue performance of retailers has varied widely during the COVID-19 pandemic.