Today, Cemex S.A.B. de C.V. (NYSE:CX), a major player in the cement industry, disclosed to the Mexican Stock Exchange that it is unaware of the reasons behind the significant trading volume fluctuations of its stock, identified by the ticker "CEMEX.CPO", experienced on the same day. The company stated that these trading patterns were a result of market conditions and not due to any actions or knowledge of its shareholders, board members, or senior management.
The announcement comes after Cemex observed atypical movements in its share price and trading volumes, prompting a response as per regulatory requirements in Mexico.
The company reassured that neither its board directors nor senior executives had conducted any transactions that might have influenced the stock's unusual behavior.
Cemex's statement was made in compliance with Article 53 of Mexico's General Provisions Applicable to Securities Issuers and Other Market Participants. Furthermore, the company has committed to promptly disclosing any relevant information that may emerge related to the stock's movements no later than the next business day, following the legal obligations under Mexican law.
The company's swift response aligns with the rules set forth by Article 106 of the Securities Market Law and Article 50 of the General Provisions in Mexico, which mandate issuers to report on any unknown causes of significant trading volume changes. Cemex's Chief Comptroller, Rafael Garza, signed off on the report, ensuring its accuracy and timeliness.
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