Ambev S.A. (ABEV) has risen sharply, recording gains of 7.04% in the past 4 weeks. However, the stock has corrected -2.03% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.56% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 2.08% and the 50-Day Moving Average is 5.46%.
Ambev S.A. (NYSE:ABEV): The stock opened at $5.82 on Friday but the bulls could not build on the opening and the stock topped out at $5.83 for the day. The stock traded down to $5.73 during the day, due to lack of any buying support eventually closed down at $5.78 with a loss of -1.70% for the day. The stock had closed at $5.88 on the previous day. The total traded volume was 7,816,646 shares.
Institutional Investors own 7.25% of Ambev S.A. shares.
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.