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Stock impact report

Cosan (CSAN) Continued to Slide This Week. Here is Why [Yahoo! Finance]

Cosan S.A. ADS (CSAN) 
Company Research Source: Yahoo! Finance
Cosan S.A. (NYSE:CSAN) is a Brazilian conglomerate engaged in fuel distribution. It operates through Raízen, Compass, Moove, Rumo, and Radar segments. Cosan S.A. (NYSE: CSAN) has continued on a downward trajectory since December 5, when former Brazilian President Jair Bolsonaro endorsed his son, Senator Flavio Bolsonaro, as the far-right candidate for the presidential election scheduled for next October. The news came as a surprise to many, as it had been expected that the former president would nominate São Paulo Governor Tarcísio de Freitas, viewed as a more market-friendly, execution-minded candidate who might restore fiscal discipline after 2027. As a result, the country's benchmark stock index Bovespa, which had hit a record of more than 164,000 points, plunged by over 4.3% on the same day, with the Brazilian Real also slipping by as much as 3% against the US dollar. Moreover, Senator Flavio Bolsonaro added to the skepticism later on by suggesting that he could exit the pr Show less Read more
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