Magellanic Cloud's Stock Declines by -5.34% on October 18, Underperforming Sector and Market

Oct 18 2024 11:20 AM IST
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On October 18, 2024, Magellanic Cloud's stock experienced a -5.34% decline, underperforming the sector by -3.14%. The stock is currently rated 'Sell' by MarketsMojo and is trading below its moving averages, indicating a decline in performance compared to the overall market.

Magellanic Cloud, a midcap IT software company, experienced a decline in its stock price on October 18, 2024. The company's stock lost -5.34% on that day, according to data from MarketsMOJO. The stock call for Magellanic Cloud is currently 'Sell' by MarketsMOJO.

In terms of price performance, Magellanic Cloud underperformed the sector by -3.14% on October 18. The stock also touched an intraday low of Rs 89.5, representing a decrease of -4.33%. Additionally, Magellanic Cloud is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Comparing Magellanic Cloud's performance to the overall market, the company's stock had a 1-day performance of -5.13% while the Sensex had a performance of -0.22%. Over the past month, Magellanic Cloud's stock has declined by -27.25%, while the Sensex has only declined by -2.55%.

These numbers indicate that Magellanic Cloud's stock has been underperforming in both the short and long term. Investors should take note of this information and make informed decisions when considering investing in Magellanic Cloud.
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