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) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-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 changing hands.

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

The business’s fifty day simple moving average is $33.74 and its two-hundred day simple moving average is $35.41.

Institutional Inflows and Outflows

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

About Compagnie Générale des Établissements Michelin Société en commandite par actions

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.