Ambev S.A. (ABEV) has been under a strong bear grip, hence the stock is down -0.28% 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 3.88% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.33% in the last 1 week, and is up 2.2% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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 $5.93 and $5.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.03, notching a gain of 2.90% for the day. The total traded volume was 23,545,733 . The stock had closed at $5.86 on the previous day.
The stock has recorded a 20-day Moving Average of 3.32% and the 50-Day Moving Average is 6.93%. Ambev S.A. is up 13.13% in the last 3-month period. Year-to-Date the stock performance stands at 35.2%.
Ambev S.A. (ABEV) : The highest short term price target forecast on Ambev S.A. (ABEV) is $6 and the lowest target price is $5. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $5.37 with a standard deviation of $0.55.
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.