Fibria Celulose S.A. (FBR) has been under a strong bear grip, hence the stock is down -3.18% 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 7.11% in the past 1 week. The stock has risen by 7.17% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.18% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.9% and the 50-Day Moving Average is 11.01%. Fibria Celulose S.A. (NYSE:FBR): On Fridays trading session , Opening price of the stock was $6.33 with an intraday high of $6.37. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $6.18. However, the stock managed to close at $6.28, a loss of 0.95% for the day. On the previous day, the stock had closed at $6.34. The total traded volume of the day was 1,321,777 shares.
The company Insiders own 40.21% of Fibria Celulose S.A. shares according to the proxy statements. Institutional Investors own 7.58% of Fibria Celulose S.A. shares. Also, Equity Analysts at the Brokerage Firm, Bank of America, downgrades their rating on the shares of Fibria Celulose S.A. (NYSE:FBR). Bank of America has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 21, 2016.
Fibria Celulose SA, formerly Votorantim Celulose e Papel SA, is a Brazil-based company involved in the production and sale of short fiber pulp. The Company operates pulp manufacturing plants in Aracruz (Espirito Santo), Tres Lagoas (Mato Grosso do Sul), Jacarei (Sao Paulo) and Veracel (Bahia). Additionally, the Company is engaged in the cultivation of eucalyptus. It has plantations in the Brazilian states of Sao Paulo, Minas Gerais, Rio de Janeiro, Mato Grosso do Sul, Bahia and Espirito Santo. In 2011, the Company sold a business unit active in paper production. The Company has a number of subsidiaries in Brazil and abroad, including Normus Empreendimentos e Participacoes Ltda, Fibria Overseas Finance Ltd and Fibria Celulose (USA) Inc, among others. On October, 2013, the Company announced merger by incorporation of Normus Empreendimentos e Participacoes Ltda, a wholly-owned subsidiary of the Company, in order to simplify the corporate structure.