Embraer SA ( (ERJ) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Embraer SA’s stock has surged due to a monumental $7 billion agreement with Flexjet, marking the largest deal in both companies’ histories. The contract involves 182 Embraer aircraft, expanding Flexjet’s fleet and solidifying Embraer’s position in the executive jet market. Additionally, Embraer’s impressive revenue growth, despite operational challenges, has further fueled investor confidence and contributed to the stock’s upward movement.
More about Embraer SA
YTD Price Performance: 5.17%
Average Trading Volume: 1,071,674
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.58B
For further insights into ERJ stock on TipRanks’ Stock Analysis page.
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