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Why Azul Shares Are Down Today

·2 min read
Why Azul Shares Are Down Today
In this article:
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The economic news out of Brazil keeps getting worse, and investors are responding by fleeing from Brazilian stocks. Shares of Azul (NYSE: AZUL) traded down more than 8% late Friday morning, continuing a downward plunge that has seen the shares fall 26% this week. The company, along with most airline stocks, suffered last year as the pandemic ate into global travel demand.