Sugar Giant Cosan Mulls Selling Vale Stake on Leverage Woes [BNN Bloomberg (Canada)]
XP Inc. - Class A (XP)
Company Research
Source: BNN Bloomberg
Cosan has told investors that all options are on the table to improve its balance sheet, including selling part or all of its 4.1% interest in the iron ore producer, the people said, asking not be identified because discussions aren't public. The company has also weighed the sale of an Argentine gasoline distributor it owns in a joint venture with Shell Plc, the people said. No final decision has been made. Cosan SA — a sugar and ethanol empire that has sprawled into everything from lubricant production and gasoline distribution to rail transportation and natural gas home supply — has seen shares plunge to the lowest level in more than four years this month. Investors are skeptical of its ability to spend cash efficiently since its 2022 decision to take on debt to buy a minority stake in Vale, which has since lost value and provided returns deemed “mediocre” by BTG Pactual SA. “Cosan continually monitors the best deleveraging opportunities and remains committed to optimizing capi
Show less
Read more
Impact Snapshot
Event Time:
XP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
XP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
XP alerts
High impacting XP Inc. - Class A news events
Weekly update
A roundup of the hottest topics
XP
News
- XP Inc. Reports Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- XP Inc. Announces New Share Repurchase ProgramBusiness Wire
- XP Inc. Reports Third Quarter 2024 ResultsBusiness Wire
- XP Inc. Announces Cash DividendBusiness Wire
- XP Inc. (XP): An Oversold Midcap Stock to Buy [Yahoo! Finance]Yahoo! Finance
XP
Earnings
- 11/19/24 - Beat
XP
Analyst Actions
- 10/16/24 - JP Morgan
XP
Sec Filings
- 11/19/24 - Form 6-K
- 11/19/24 - Form 6-K
- 11/19/24 - Form 6-K
- XP's page on the SEC website