Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) Stock Price Passes Below 50 Day Moving Average of $37.00

Shares of Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $37.00 and traded as low as $36.70. Compagnie Générale des Établissements Michelin Société en commandite par actions shares last traded at $36.83, with a volume of 6,064 shares traded.

Compagnie Générale des Établissements Michelin Société en commandite par actions Trading Down 2.6 %

The firm’s 50-day moving average price is $37.15 and its 200 day moving average price is $34.08.

Hedge Funds Weigh In On Compagnie Générale des Établissements Michelin Société en commandite par actions

An institutional investor recently raised its position in Compagnie Générale des Établissements Michelin Société en commandite par actions stock. ARK Investment Management LLC increased its position in Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,595 shares of the company’s stock after purchasing an additional 1,695 shares during the period. ARK Investment Management LLC’s holdings in Compagnie Générale des Établissements Michelin Société en commandite par actions were worth $2,202,000 at the end of the most recent quarter. 33.43% of the stock is currently 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.