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Why is Cia Energetica De Minas Gerais Cemig Adr (CIG) Stock down?
We've noticed a 5.48% decline in Cia Energetica De Minas Gerais Cemig Adr (CIG) stock during the 2024-08-26 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
24 Nov, 2023:
Shares of Cia Energietica DE Minas Gerais Cemig ADR (CIG) dropped by 6.58% from $2.28 to $2.13 in the trading on Friday, November 24, 2023. The reason why CIG is down today is due to B of A Securities' decision to downgrade Cia Energetica DE Minas from a Buy rating to Neutral. Additionally, they lowered the price target for CIG from $3.2 to $2.6, which likely contributed to the negative sentiment surrounding the stock on that day.
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