Ultrapar Participacoes S.A. (UGP) Shares are Up 1.83%

Ultrapar Participacoes S.A. (UGP) : Traders are bullish on Ultrapar Participacoes S.A. (UGP) as it has outperformed the S&P 500 by a wide margin of 6.43% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.86%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.83% in the last 1 week, and is up 6.83% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Ultrapar Participacoes S.A. is up 21.53% in the last 3-month period. Year-to-Date the stock performance stands at 60.54%. The stock has recorded a 20-day Moving Average of 5.25% and the 50-Day Moving Average is 10.68%.


Ultrapar Participacoes S.A. (NYSE:UGP): The stock opened at $23.66 on Friday but the bulls could not build on the opening and the stock topped out at $23.98 for the day. The stock traded down to $23.58 during the day, due to lack of any buying support eventually closed down at $23.92 with a loss of -0.08% for the day. The stock had closed at $23.94 on the previous day. The total traded volume was 470,726 shares.

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.

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Your email address will not be published.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.