Brambles (OTCMKTS:BMBLF) Shares Up 2.6% – Here’s Why

Brambles Limited (OTCMKTS:BMBLF – Get Free Report)’s stock price rose 2.6% on Monday. The stock traded as high as $13.50 and last traded at $13.50. Approximately 263 shares were traded during mid-day trading, a decline of 93% from the average session volume of 3,811 shares. The stock had previously closed at $13.1550.

Brambles Trading Up 3.2%

The business has a 50-day simple moving average of $13.86 and a two-hundred day simple moving average of $14.23.

About Brambles

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Brambles Limited is an Australian supply-chain logistics company best known for its CHEP business. CHEP provides reusable pallets, crates, containers and other platforms that are shared by manufacturers, distributors, retailers and other supply-chain participants. Its pooling model enables customers to rent and return standardized equipment rather than purchase and manage their own transport packaging.

The company’s products and services support the movement of consumer goods, fresh produce, automotive components and other products from producers to distribution centers and retailers.

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