Ultrapar Participacoes S.A. (UGP) Shares are Up 2.94%

Ultrapar Participacoes S.A. (UGP) : Traders are bullish on Ultrapar Participacoes S.A. (UGP) as it has outperformed the S&P 500 by a wide margin of 6.31% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.88%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.94% in the last 1 week, and is up 7.41% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 4.56% and the 50-Day Moving Average is 9.8%. Ultrapar Participacoes S.A. (NYSE:UGP): On Fridays trading session , Opening price of the stock was $23.72 with an intraday high of $23.87. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $23.32. However, the stock managed to close at $23.49, a loss of 1.43% for the day. On the previous day, the stock had closed at $23.83. The total traded volume of the day was 530,402 shares.


Institutional Investors own 3.15% of Ultrapar Participacoes S.A. shares.

Ultrapar Participacoes SA is a Brazil-based holding company that operates in four segments: fuel distribution through Ipiranga; chemicals through Oxiteno; Liquefied Petroleum Gas (LPG) distribution through Ultragaz; and logistics for liquid bulk through Ultracargo. Ipiranga is a fuel distributor in Brazil, with a network of service stations, providing diesel, gasoline, ethanol, natural gas for vehicles, fuel oil and kerosene, besides lubricants. Oxiteno produces ethylene oxide and its main derivatives; specialty chemicals, and fatty alcohols and related by-products. Ultracargo provides storage for liquid bulk in Brazil. The Company is also engaged in oil refining, through a stake held in Refinaria de Petroleo Riograndense SA.

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