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

Ambev S.A. (ABEV) : The total money flow in Ambev S.A. (ABEV) was negative ($13.09 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $34.32 million. In comparison, the inflow of money into the stock on upticks was $21.23 million. The uptick to downtick ratio was 0.62. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $21.7 million. The value of transactions on uptick was $9.45 million. The negative money flow of ($12.24 million) confirms the selling in Ambev S.A. (ABEV) on strength. The uptick to downtick ratio of block trades was 0.44. Ambev S.A. (ABEV) gained $0.09 at $5.95, a gain of 1.54% over the previous days close. However, the stock registered -3.72% in the week.


Also, Morgan Stanley downgrades its rating on Ambev S.A. (NYSE:ABEV). The global brokerage major raises the current price target from $6 per share to $6.4 per share. Analysts at the Morgan Stanley have a current rating of Equal-weight on the shares. The shares were previously rated Overweight. The rating by the firm was issued on August 18, 2016.

Ambev S.A. has dropped 2.31% in the last five trading days, however, the shares have posted positive gains of 2.24% in the last 4 weeks. Ambev S.A. is up 10.22% in the last 3-month period. Year-to-Date the stock performance stands at 32.96%.

Ambev S.A. (NYSE:ABEV): The stock opened at $5.91 on Tuesday but the bulls could not build on the opening and the stock topped out at $5.94 for the day. The stock traded down to $5.86 during the day, due to lack of any buying support eventually closed down at $5.93 with a loss of -0.34% for the day. The stock had closed at $5.95 on the previous day. The total traded volume was 10,871,959 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.

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