Ultrapar Participacoes S.A. (UGP) has been under a strong bear grip, hence the stock is down -1.97% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.52% in the past 1 week. The stock has risen by 0.69% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.49% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.04% and the 50-Day Moving Average is 2.58%.The 200 Day SMA reached 14.79%
Ultrapar Participacoes S.A. (NYSE:UGP): After opening at $21.9, the stock dipped to an intraday low of $21.77 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $22.14 and the buying power remained strong till the end. The stock closed at $21.89 for the day, a gain of 1.02% for the day session. The total traded volume was 750,993. The stocks close on the previous trading day was $21.89.
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.