Fibria Celulose S.A. (FBR) Shares Slide -3.91%

Fibria Celulose S.A. (FBR) : During the past 4 weeks, traders have been relatively bearish on Fibria Celulose S.A. (FBR), hence the stock is down -17.13% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.84% relative to the S&P 500. The 4-week change in the price of the stock is -14.35% and the stock has fallen -3.91% in the past 1 week.

The stock has recorded a 20-day Moving Average of 5.73% and the 50-Day Moving Average is 19.27%. Fibria Celulose S.A. has dropped 30.59% during the last 3-month period . Year-to-Date the stock performance stands at -50.7%.


Fibria Celulose S.A. (NYSE:FBR): On Fridays trading session , Opening price of the stock was $6.25 with an intraday high of $6.26. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $6.035. However, the stock managed to close at $6.15, a loss of 2.07% for the day. On the previous day, the stock had closed at $6.28. The total traded volume of the day was 2,050,585 shares.

Also, Bank of America downgrades their rating on the shares of Fibria Celulose S.A. (NYSE:FBR). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.