CEMEX (CX) Soars 6.86% in Four Days

CEMEX (CX) has surged 0.44% today, marking its fourth consecutive day of gains, with a total increase of 6.86% over the past four days.

The strategy of buying CX shares after they reached a recent high and holding for one week yielded strong results over the past five years. The strategy achieved an overall return of 83.19%, surpassing the benchmark return of 44.90% by 38.29%. Although the strategy had a maximum drawdown of -34.92%, it maintained a relatively high Sharpe ratio of 0.86, indicating good risk-adjusted returns.

On April 15, 2025, analysts at Bradesco Corretora set a new price target for CEMEX at $7.50 and maintained a "neutral" rating. This rating and target price adjustment can influence investor sentiment and impact stock prices.

On April 29, 2025, RBC Capital maintained an "underperform" rating on Cemex SAB De CV. This negative rating could potentially affect the stock's performance by influencing investor perceptions.