The stock of Ultrapar Participacoes SA (ADR) (NYSE:UGP) is a huge mover today! About 335,544 shares traded hands. Ultrapar Participacoes SA (ADR) (NYSE:UGP) has declined 3.19% since April 18, 2016 and is downtrending. It has underperformed by 7.62% the S&P500.
The move comes after 9 months positive chart setup for the $11.70B company. It was reported on Nov, 18 by Barchart.com. We have $29.13 PT which if reached, will make NYSE:UGP worth $5.15B more.
According to Zacks Investment Research, “Ultrapar Participacoes S.A., a major Brazilian industrial group, is one of the largest distributors of liquefied petroleum gas in Brazil and a leading producer of petrochemicals and chemical. Ultrapar is also engaged in the storage and transportation of liquefied petroleum gas and petrochemical and chemical products. (PRESS RELEASE)”
More notable recent Ultrapar Participacoes SA (ADR) (NYSE:UGP) news were published by: Marketwatch.com which released: “Ultrapar Participacoes S/A ADR” on October 20, 2010, also Bidnessetc.com with their article: “Petroleo Brasileiro Petrobras SA (ADR) (PBR) Might Sell Assets To Rival: Here …” published on August 10, 2015, Investorplace.com published: “Why American Airlines Group Inc (AAL), OraSure Technologies, Inc. (OSUR) and …” on June 13, 2016. More interesting news about Ultrapar Participacoes SA (ADR) (NYSE:UGP) were released by: Prnewswire.com and their article: “Ultrapar announces its 4Q15 and 2015 results” published on February 17, 2016 as well as Prnewswire.com‘s news article titled: “Ultrapar announces its 1Q16 results” with publication date: May 11, 2016.
UGP Company Profile
Ultrapar Participacoes S.A. (Ultrapar), incorporated on December 20, 1953, is a holding company. The Firm engages in the investment of its capital in services, commercial and industrial activities, through the subscription or acquisition of shares of other companies. The Firm operates in various markets: specialized distribution and retail through Ultragaz, Ipiranga and Imifarma Produtos Farmaceuticos e Cosmeticos S.A. (Extrafarma); production of specialty chemicals through Oxiteno S.A.-Industria e Comercio (Oxiteno), and liquid bulk storage services through Ultracargo Operacoes Logisticas e Participacoes Ltda. (Ultracargo). The Firm operates through five divisions: gas distribution (Ultragaz), which distributes liquefied petroleum gas (LPG) to residential, commercial and industrial consumers, primarily in the South, Southeast and Northeast regions of Brazil; fuel distribution (Ipiranga), which is engaged in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants and related activities across the Brazilian territory; chemicals (Oxiteno), which produces ethylene oxide, and its primary derivatives and fatty alcohols; storage (Ultracargo), which operates liquid bulk terminals, primarily in the Southeast and Northeast regions of Brazil, and drugstores (Extrafarma), which trades pharmaceutical, hygiene and beauty products through its own drugstore chain in the states of Para, Amapa, Maranhao, Piaui, Ceara and Rio Grande do Norte.
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