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After their rise, the actions of the Taurus weapons manufacturer began to fall in the afternoon of Tuesday (15). President Jair Bolsonaro signed on that date a decree facilitating the possession of weapons in the country. At around 2:25 pm, the preferred shares lost 9.04%, to R $ 7.55. Ordinary fell 9.89% to settle at R $ 8.02.
At the time of the opening of the stock market, the shares of the company had grown by more than 10%, but had breakfast Then they fell. According to economist Pedro Coelho Afonso, the fall of Taurus shares after a positive finding for the company "is something normal in the variable income market".
"The stock market always anticipates this fact and shares are valued according to this expectation.When it comes close to the date of the announcement or the day of the announcement, it does not. There was more novelty because all the price adjustment had already been done before – many sell and make profits from days ago, "he said.
Around 2:25 pm, the index Ibovespa main index of the Brazilian stock market, fell by 0.16% to 94 319.40 points. Taurus shares are not part of Ibovespa. Still around 2:20 pm, the commercial dollar rose by 0.48 percent, or R $ 3,717 on the sale.
New name
The company announced the day before . changing its name from Forjas Taurus to Taurus Weapons . The name change is part of "the company's strategy to focus on its core business, the production and sale of arms," said Salesio Nuhs, president of Taurus. The price of Taurus shares has already doubled this year, while it was expected that President Jair Bolsonaro will facilitate access to weapons in the future.
The stock price has already doubled this year
(19459003), with a priority in the distribution of dividends, rose by 104.9% in 2019 until last Monday (14), according to a survey conducted by the Economatica financial information company. The ordinary shares of the company with voting rights at the meeting, increased by 85.8% over the same period.
Shares Discarded at 181% in 2018
Last year, the actions of the manufacturer of arms were among the highest on the Brazilian stock exchange. The shares of Taurus jumped 180.8% in 2018 while the preferred shares accumulated a capital gain of 130.9%, according to Economatica.
Only in September of last year, the company's records reached accumulate a maximum of 140% with the pending election of Jair Bolsonaro to the presidency of the Republic.
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