Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $33.73 and traded as high as $34.82. Compagnie Générale des Établissements Michelin Société en commandite par actions shares last traded at $34.82, with a volume of 552 shares.

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

The business’s 50-day moving average is $33.74 and its 200-day moving average is $35.41.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Compagnie Générale des Établissements Michelin Société en commandite par actions stock. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 29,068 shares of the company’s stock, valued at approximately $956,000. 33.43% of the stock is owned by hedge funds and other institutional investors.

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.