Grupo Financiero Banorte (OTCMKTS:GBOOF) Share Price Passes Below 200 Day Moving Average – What’s Next?

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOFGet Free Report)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.22 and traded as low as $6.88. Grupo Financiero Banorte shares last traded at $6.88, with a volume of 1,738 shares changing hands.

Grupo Financiero Banorte Stock Performance

The company has a 50 day moving average price of $7.24 and a two-hundred day moving average price of $8.21.

About Grupo Financiero Banorte

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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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