Grupo Elektra SAB DE CV (ELEKTRA.MX) is a leading Mexican company in the retail and financial services sectors, with a current market cap of 249.96 billion MXN as of 26th June 2023. Founded in 1950 by Hugo Salinas Rocha, the company has grown significantly over the years, expanding its operations throughout Latin America.
It primarily operates through two business segments: commercial and financial. The commercial segment includes the sale of various products such as electronics, appliances, and furniture, while the financial segment offers banking services, consumer loans, and insurance through Banco Azteca, a subsidiary of Grupo Elektra. The company went public in 1997, listing its shares on the Mexican Stock Exchange (BMV) under the ticker symbol ELEKTRA.MX.
Over the past five years, Grupo Elektra has reached notable highs and lows. The stock peaked at 1,650.08 MXN in May 2021, while its lowest point was 509.99 MXN in July 2018.
To better understand its price history and make informed investment decisions, traders can utilize various tools and indicators. Technical analysis techniques, such as Moving average envelopes, Average True Range (ATR) and Elliot Waves, may help identify trends, support and resistance levels, and potential entry or exit points. Additionally, fundamental analysis, including economic indicators and company-specific information, may also provide insights into the overall health of the retail and financial sectors, as well as Grupo Elektra's performance.
By combining these analytical methods with a thorough understanding of Grupo Elektra's share price history, investors may better navigate the market and make more informed decisions about their investments in this prominent Mexican company.
Before trading Grupo Elektra SAB DE CV (ELEKTRA.MX) stock, it's essential to evaluate its competitors in the retail and financial services sectors to gain a comprehensive understanding of the investment landscape. Some notable companies worth considering are:
- Fomento Economico Mexica UBD (FEMSAUBD.MX): A leading beverage and retail company operating OXXO convenience stores, Coca-Cola FEMSA, and various other businesses in Latin America.
- Walmart De Mexico SAB (WALMEX.MX): A subsidiary of Walmart Inc., this company operates a chain of retail stores, including hypermarkets, supermarkets, and discount stores in Mexico.
- Grupo Financiero Banorte (GFNORTEO.MX): A major financial services group in Mexico, providing banking, brokerage, insurance, and asset management services.
By analyzing these competitors and their performance, investors may better understand the dynamics of the retail and financial markets, identify potential opportunities, and make informed decisions when trading Grupo Elektra SAB DE CV stock.
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