Tue Oct 01 04:39:14 UTC 2024: ## Gruma Stock Plunges 6.7% on Monday
**October 1, 2024** – Shares of Gruma S.A.B. de CV (OTCMKTS:GMKYY), a global corn and flour tortilla producer, experienced a significant drop on Monday, closing at $56.01, down 6.7% from the previous day’s close of $60.00.
The stock traded as low as $56.00 during the day, with only 800 shares changing hands – a 43% decrease from the average daily volume.
Gruma, a holding company with operations worldwide, specializes in the production of corn and wheat flour-based products, including tortillas, flatbreads, wraps, and pizza bases. The company’s business is segmented into three divisions: Corn flour and packaged tortilla production (United States and Europe), Corn flour production (Mexico), and Other segments.
While no specific reason was given for the stock’s decline, market observers will be watching closely for any news or developments that could have contributed to this significant drop.
First Piper 