Shares of Ambev S.A. (ABEV) Sees Large Outflow of Money

Ambev S.A. (ABEV) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($1.58 million) and the uptick to downtick ratio was 0.44. The transaction value on upticks was $1.23 million and on downticks, the transaction value was $2.82 million. In block trades, the transaction value of inflow done during uptick was $0.32 million. The transaction value of block trades during downticks was $2.1 million. The uptick to downtick block trade ratio was 0.15. The money flow was negative ($1.78 million), indicating the traders were booking profit on the price strength. Ambev S.A. (ABEV) rose $0.02 at $5.86, during intraday Wednesday , a rise of 0.34% over the previous days close.


Also, JP Morgan downgrades its rating on Ambev S.A. (NYSE:ABEV). The global brokerage major lowers the current price target from $5.1 per share to $5 per share. Analysts at the JP Morgan have a current rating of Neutral on the shares. The shares were previously rated Overweight. The rating by the firm was issued on May 5, 2016.

Ambev S.A. (NYSE:ABEV): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.85 and $5.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.86, notching a gain of 0.34% for the day. The total traded volume was 8,601,547 . The stock had closed at $5.84 on the previous day.

The stock has recorded a 20-day Moving Average of 2.39% and the 50-Day Moving Average is 6.41%.

Ambev SA, known as Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewers sector. Ambev produces, distributes and sell beer, carbonated soft drinks (CSDs) and other non-alcoholic and non-carbonated products across the Americas. The Company conducts its operations through three business units: Latin America North includes its operations in Brazil, where Ambev operates two divisions: beer sales (Beer Brazil) and carbonated soft drinks and non-alcoholic non-carbonated sales (CSD & NANC Brazil), and its Hispanic Latin America Operations, Excluding Latin America South (HILA-Ex), which includes its operations in the Dominican Republic, Venezuela, Ecuador, Guatemala (which also serves El Salvador and Nicaragua) and Peru; Latin America South includes its operations in Argentina, Bolivia, Paraguay, Uruguay and Chile, and Canada, among others.

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