June 23, 2024

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Understand why stocks are jumping 22% this week - Money Times

Understand why stocks are jumping 22% this week – Money Times

Cielo was the highlight of the week, and analysts note paper is cheap (Photo: Cielo/Youtube)

Actions sky (CIEL3) Best Weekly Performance in Ibovespa (IBOV). Shares jumped 21.98% over the five cumulative days. Only on Friday (18), assets rose more than 12.3% at R$2.83.

According to Marcel Andrade, head of equities at Vitreo, the main news for the company this week was Announcing the $290 Million Sale of American Merchant e-Solutions.

“With today’s announcement, we are classifying the company as a buy, because the company is very discounted, even with a rally this week. However, it is worth noting that it is still losing market share‘ says Andrade.

a BB Investimentos It is also believed that advertising is quite positive, Analysts said in a report sent to customers.

“The sale of its stake in Merchand E-Solutions was not a surprise, as it is in line with Cielo’s divestment plan. However, it was the negotiated price of the deal that surprised the market positively and is, by far, the largest sale Cielo has executed in recent years, even Taking into account the straight-line only,” he says.

On the other hand, the roles CSN (CSNA3) was the worst performer of the week after dropping 11.47%.

For Vitreo’s equities chief, the drop comes in a busy week of struggling steel stocks, amid Chinese interventions.

The Asian country, the largest consumer in the sector, is investigating irregular operations to avoid artificial adjustments in sector prices.

per week, and Ibovespa (IBOV) closed down 0.67% at 112.8 thousand points.

Watch the week’s biggest gains:

Watch the week’s biggest drops:

See the most traded stocks of the day:

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