Shares of Retailer Magazine Luiza (MGLU3) were again the most traded stock of the day this Wednesday (6th). And the newspapers recorded a decrease of 4.92% at R$6.58 (12:45).
“Today’s drop has a lot to do with the inflation index released earlier today,” says Messem analyst William Teixeira, referring to the IGP-DI (General Price Index – Internal Availability) as measured by the FGV (Fundação Getúlio). Vargas). The data show that inflation increased by 2.37% in March, after a 1.50% increase in February, which was above market forecasts.
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The data interferes with Magalu’s operations because the company relies on credit for the bulk of its sales, according to Teixeira. “And higher inflation favors higher interest rates and a longer scenario,” the analyst says.
Check out the expert reviews below:
Messem’s advice is neutral.
Mirae Asset’s advice is to buy. “Last year and this year, the chances of high potential were huge,” says Pedro Galdi, an analyst at the brokerage firm.
Magalu’s shares have already increased by more than 5,000% between 2015 and 2020. These are papers that already put good money in the pockets of investors. But today, despite being very popular, they are assets that have lost 2.68% since the first trading session of the year on January 3rd. The decline at 12 months is even more staggering: a 68.27% meltdown.
In the fourth quarter of 2021 Magalu made a loss of BRL 79 million.
source: Noticias