|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||22.16 - 22.39|
|52 Week Range||18.38 - 24.79|
|PE Ratio (TTM)||25.95|
|Dividend & Yield||0.55 (2.49%)|
|1y Target Est||N/A|
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
Shares of Brazil's Ultrapar Participações SA fell the most in two and a half years on Wednesday after antitrust watchdog Cade voted unanimously to reject its proposed acquisition of rival fuel distribution company Alesat Combustíveis SA. The rapporteur of the case, João Resende, had said Ale, as the company is known, did not agree to a proposal to sell assets in 12 states to obtain the approval. Ultrapar´s unit Ipiranga is the second-largest fuel distributor in Brazil.
Alesat Combustíveis SA, a Brazilian fuel distribution company whose takeover was blocked by antitrust regulators on Wednesday, is pondering how best to accelerate domestic expansion, including bringing in a partner to help close the gap with lager rivals, its chief executive officer said. CEO and shareholder Marcelo Alecrim said in an interview on Wednesday that watchdog Cade's decision to reject Alesat's takeover by Ultrapar Participações SA "took me by surprise." The decision practically "kills the idea" of tying up Alesat with any of Brazil's top-three gas station chains, he added.