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Carmignac Gestion decreased its stake in Cia Brasileira De Dis ( CBD) by 76.12% based on its latest 2018Q4 regulatory filing with the SEC. Carmignac Gestion sold 7.85M shares as the company’s stock rose 9.59% with the market. The institutional investor held 2.46M shares of the food chains company at the end of 2018Q4, valued at $51.12 million, down from 10.31M at the end of the previous reported quarter. Carmignac Gestion who had been investing in Cia Brasileira De Dis for a number of months, seems to be less bullish one the $5.16 billion market cap company. The stock decreased 3.08% or $0.61 during the last trading session, reaching $19.22. About 1.28M shares traded or 85.88% up from the average. Companhia Brasileira de Distribuição (NYSE: CBD) has risen 17.26% since May 19, 2018 and is uptrending. It has outperformed by 12.89% the S&P500.

Carmignac Gestion, which manages about $6.62 billion US Long portfolio, upped its stake in Servicenow Inc (NYSE:NOW) by 57,470 shares to 926,930 shares, valued at $165.04 million in 2018Q4, according to the filing. It also increased its holding in Jd.Com Inc (NASDAQ:JD) by 7.21 million shares in the quarter, for a total of 7.70 million shares, and has risen its stake in Anthem Inc (NYSE:ANTM).

More notable recent Companhia Brasileira de Distribuição (NYSE: CBD) news were published by: Seekingalpha.com which released: “FDA lagging in oversight of CBD industry – Aurora Cannabis Inc. (NYSE:ACB) – Seeking Alpha” on May 17, 2019, also Investorplace.com with their article: “10 Retirement Stocks That Won’t Wilt in a Bear Market – Investorplace.com” published on May 14, 2019, Benzinga.com published: “The Week In Cannabis News: Conferences, Clean Slate Act, Earnings, Aurora, Canopy-Acreage And More – Benzinga” on April 28, 2019. More interesting news about Companhia Brasileira de Distribuição (NYSE: CBD) were released by: Benzinga.com and their article: “Ice Cube’s BIG3 Basketball League, cbdMD Announce Jersey Sponsorship For 2019 Season (NYSE:LEVB) – Benzinga” published on April 29, 2019 as well as Finance.Yahoo.com‘s news article titled: “cbdMD, Inc. Prices Underwritten Public Offering of Common Stock – Yahoo Finance” with publication date: May 13, 2019.

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