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Updated · Bloomberg · May 5Ambev SA stock soars on first-quarter earnings beat
6 articles · Updated · Bloomberg · May 5
- Shares jumped as much as 16% in Sao Paulo on Tuesday, their biggest intraday rise since July 1999, after stronger-than-expected Brazil beer volumes.
- Adjusted Ebitda reached 7.6 billion reais, about $1.5 billion, and the brewer posted a 33.6% Ebitda margin.
- Ambev is the Brazilian unit of Anheuser-Busch InBev, and the move signals investor optimism that domestic beer demand is supporting profitability.
Is Ambev's stock surge a sign of recovery or just a temporary bubble for the beer industry? Why did an Ambev insider sell thousands of shares just before this record-breaking stock surge?