Grupo Simec S.A.B.de C.V. (NYSE: SIM) Significant Event (Unusual Movements)

Rhea-AI Summary

Grupo Simec reported no known causes for unusual stock movements related to ticker symbol SIM on July 7, 2020. The company stated that these fluctuations appear to be a result of market conditions and have not involved any changes among board members or executive officers. The firm reassured investors of stability amidst these movements.

Positive

• No internal changes reported among board members or executive officers.
• Company reassures investors regarding market condition impacts.

Negative

• Unusual stock movements may cause investor concern.

GUADALAJARA, Mexico, July 7, 2020 /PRNewswire/ -- Regarding the unusual movements presented today in the operation identified with ticker symbol "SIMEC" values, the issuer company reports: there are not causes, to our knowledge, that could give rise to them and that they correspond to conditions of the market.

Grupo Simec is not aware of any changes, presented in the movements, that involved members of its board of directors, executive officers or repurchase of funds.

Contact:
Mario Moreno Cortez
+52-33-3770-6734
mmoreno@gruposimec.com.mx

View original content:http://www.prnewswire.com/news-releases/grupo-simec-sabde-cv-nyse-sim-significant-event-unusual-movements-301089395.html

SOURCE Grupo Simec, S.A.B. de C.V.

FAQ

What caused the unusual movements in SIM stock on July 7, 2020?

Grupo Simec stated there are no known causes, attributing the fluctuations to market conditions.

Did Grupo Simec's board experience any changes on July 7, 2020?

No, Grupo Simec confirmed that there were no changes among board members or executive officers.

Is Grupo Simec aware of any issues affecting its stock performance?

Grupo Simec is not aware of any issues affecting its stock performance.

What is the stock symbol for Grupo Simec?

The stock symbol for Grupo Simec is SIM.