Ambev S.A. (NYSE:ABEV) has tumbled 0.18% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.45% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.01% and the outperformance has advanced to 2.5% for the last 4 weeks period.
Ambev S.A. (NYSE:ABEV): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.40 and $5.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.40, notching a gain of 0.37% for the day. The total traded volume was 9,282,929 . The stock had closed at $5.38 on the previous day.
The company shares have dropped -12.20% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $6.30 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $5.38 and the 200 Day Moving Average price is recorded at $4.90.
Many analysts have stated their opinion on the company shares. Brokerage firm JP Morgan downgrades its rating on Ambev S.A. (NYSE:ABEV). As per the latest information, the brokerage house lowers the price target to $5 per share from a prior target of $5.1. The shares have been rated Neutral. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on May 5, 2016. Institutional Investors own 7.16% of Ambev S.A. shares.
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.