Is it Time to Dump Ultrapar Participacoes SA (UGP) Stock After it Is Higher By 9.77% in a Week?

The market has been high on Ultrapar Participacoes SA (UGP) stock recently. UGP gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Ultrapar Participacoes SA has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on UGP!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With UGP Stock Today?

Ultrapar Participacoes SA (UGP) stock is higher by 6.19% while the S&P 500 is lower by -0.59% as of 1:46 PM on Thursday, Nov 9. UGP has risen $0.28 from the previous closing price of $4.44 on volume of 1,411,747 shares. Over the past year the S&P 500 has risen 13.81% while UGP has risen 77.44%. UGP earned $0.25 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 18.46.

More About Ultrapar Participacoes SA

Ultrapar Participacoes SA engages in specialized distribution and retail, specialty chemical production, and storage for liquid bulk segment. It operates through several subsidiaries in the Brazilian market. It distributes liquefied petroleum gas to millions of households using vehicle fleets and a network of many independent retailers. The company produces specialty chemicals and delivers fatty alcohols and related byproducts to many Latin American markets. The Extrafarma subsidiary operates drugstore chains and distribution centers across Brazil. Ultracargo makes up the remaining portion of Ultrapar's business with liquid bulk storage operations that include multiple terminals. Click Here to get the full Stock Report for Ultrapar Participacoes SA stock.