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Companhia Brasileira (CBD) Falls: Stock Goes Down 6.9%

Companhia Brasileira de Distribuicao ( CBD ) saw a big move last session, as the company's shares fell by about 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for CBD, as the stock is now down almost 29% in the past one-month time frame.

The supermarket retailer has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

CBD currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the Retail- Supermarket industry may consider better-ranked stock like Jeronimo Martins SGPS SA ( JRONY ), which carries a Zacks Rank #1 (Strong Buy).

Is CBD going up? Or down? Predict to see what others think: Up or Down

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COMPANHIA BRASL (CBD): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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