Companhia Brasiliera De Distribuicao Rises On Unusually High Volume (CBD)
Companhia Brasiliera de Distribuicao (NYSE:CBD) is trading at unusually high volume Thursday with 4.8 million shares changing hands. It is currently at 7.9 times its average daily volume and trading up $3.35 (+8.5%).
NEW YORK ( TheStreet) -- Companhia Brasiliera de Distribuicao (NYSE: CBD) is trading at unusually high volume Thursday with 4.8 million shares changing hands. It is currently at 7.9 times its average daily volume and trading up $3.35 (+8.5%) at $42.96 as of 3:31 p.m. ET. Companhia Brasiliera de Distribuicao has a market cap of $10.5 billion and is part of the services sector and retail industry. Shares are down 5.6% year to date as of the close of trading on Wednesday. Companhia Brasileira de Distribuicao operates as a retailer of food, clothing, home appliances, and other products through its chain of hypermarkets, supermarkets, and specialized and department stores primarily in Brazil. The company has a P/E ratio of 48.5, above the average retail industry P/E ratio of 23.8 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Companhia Brasiliera de Distribuicao as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, attractive valuation levels, increase in net income and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Companhia Brasiliera de Distribuicao Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.