Luiza Trajano’s fortune is going down the drain along with the shares of Magazine Luiza (MGLU3). Thanks to the poor performance of the shares, which have already accumulated a drop of more than 88% in 12 months, the company’s chairman of the board was cut from the list of billionaires by Forbes.
In a post on our Instagram page, we shared the details about Trajano’s fortune and revealed if she has any chances of returning to the Forbes list in the coming years. See below and take the opportunity to follow us there (just click here). Thus, you will have daily and exclusive access to investment insights (in fixed income, stocks, cryptocurrencies and real estate funds), decisive market analysis for your equity and the opinion of the main analysts in Brazil consulted by our special reporters.
Magazine Luiza (MGLU3) is not alone, Itaú BBA warned: stay away from Nubank papers (NUBR33)
With the share accumulating a fall of more than 60% since the IPO on the New York Stock Exchange (NYSE), most analysts covering Nubank have periodically cut the target price of the shares.
This Wednesday (15th) it was Itaú BBA’s turn to reduce its estimate for purple once again: the target price went from US$ 6.60 to US$ 4.50 at the end of the year. The new value represents 28% upside potential from today’s closing price of $3.52.
Itaú BBA’s recommendation for Nubank was maintained at “underperform”, which means selling. “Despite a more attractive current price, we recommend investors to stay away”, wrote Itaú BBA analysts in a report.
In the following post, we reveal in detail the reasons behind the bank’s recommendation. Click below and find out. Take the opportunity to follow us there to receive daily stock purchase and sale alerts issued by the most renowned institutions in the country and published here in Seu Dinheiro.