Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOF) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.72 and traded as high as $6.02. Grupo Financiero Banorte SAB de CV shares last traded at $6.00, with a volume of 51,712 shares trading hands.

Separately, JPMorgan Chase & Co. cut shares of Grupo Financiero Banorte SAB de CV from an “overweight” rating to a “neutral” rating in a research note on Wednesday, December 18th.

The company’s 50 day moving average price is $5.76 and its two-hundred day moving average price is $5.45.

About Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOF)

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, provides banking and financial products and services in Mexico. It offers deposits, which include demand deposits, term deposits, money market accounts, and investment funds; and credit products comprising credit cards, car loans, payroll loans, and mortgages.

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