Why Azul Stock Lost Altitude This Week
One of Latin America's best-run airlines faces significant headwinds and is reportedly pondering moves to try to offset any weakness.
The uncertainty appears to have investors on edge, sending shares of Azul (NYSE: AZUL) down 12% for the week as of Thursday midday, according to data provided by S&P Global Market Intelligence.
The entire global airline industry was hit hard by the pandemic, but few regions felt the impact more than Latin America. Azul was a rare standout in a sector that had experienced several high-profile bankruptcies, and the airline has been trying to go on the offensive in the years since.
Source Fool.com
Azul SA ADR Stock
€3.46
-6.670%
Currently there is a rather positive sentiment for Azul SA ADR with 5 Buy predictions and 0 Sell predictions.
Based on the current price of 3.46 € the target price of 11 € shows a potential of 217.92% for Azul SA ADR which would more than double the current price.
