Grupo Financiero Banorte (OTCMKTS:GBOOY) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOYGet Free Report)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $34.40 and traded as low as $33.43. Grupo Financiero Banorte shares last traded at $34.37, with a volume of 30,165 shares traded.

Grupo Financiero Banorte Price Performance

The stock has a 50-day simple moving average of $34.40 and a two-hundred day simple moving average of $36.44.

Grupo Financiero Banorte Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8627 per share. The ex-dividend date was Monday, December 23rd.

Grupo Financiero Banorte Company Profile

(Get Free Report)

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing.

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