Brazilian stock alert
CLOSING UPDATE: Embraer in 4th consecutive fall, nears three-month low 17 October 2017 18:35 BRST
NEWS BITES - BRIC
This is an end of day Alert, produced after today's Brazilian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Embraer, Brazil's largest aerospace & defense company by market capitalisation, slipped further on Tuesday, sliding an additional 92.0 centavos (or 5.4%) to trade at R$16.07. The stock dropped 2.13% on Friday and 2.47% on Monday bringing its 4-day fall to 10.7%. It is now approaching its 74-day low of R$15.83. Compared with the Brazil Index 50 which fell 112.3 points (or 0.9%) in the day, this represented a relative price change of -4.5%.
Afternoon Alert: Embraer accelerates slide, now down 8.9% in 3 days
17 October 2017 14:08 BRST
Embraer SA (SA:EMBR3) is down R$1.58 (or 8.9%) over the past three trading days. After falling 2.1% on Friday, and 2.5% on Monday, the stock fell 4.5% on Tuesday to trade at R$16.22 vs. the Brazil Index 50 that is down 0.6% in the same period.
Afternoon Alert: Embraer keeps sliding: down 11.2% in 4 days
17 October 2017 12:10 BRST
Embraer SA (SA:EMBR3) extended its slide on Tuesday, shedding an additional R$1.01 (or 5.9%) to trade at R$15.98. Trading volume was 3.7 times average so far today. The shares have fallen R$2.02 (or 11.2%) over the past four trading days vs. the Brazil Index 50 which has fallen 0.7% in the same period.
Embraer SA (SA:EMBR3; SAO:EMBR3; BZ:EMBR3)