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Stock impact report

Cosan S.A. (CSAN) Sank By Over 20% This Week. Here is Why. [Yahoo! Finance]

Cosan S.A. ADS (CSAN) 
Company Research Source: Yahoo! Finance
Cosan S.A. (CSAN) Sank By Over 20% This Week. Here is Why. Cosan S.A. (NYSE:CSAN) engages in the fuel distribution business with operations in Brazil, England, France, Spain, Portugal, Argentina, Bolivia, Uruguay, Paraguay, the United States, Asia, and internationally. Cosan S.A. (NYSE:CSAN) sank after the company announced plans to raise as much as 10 billion Brazilian reais, around $1.9 billion, in a public offering to help reduce its mounting debt. According to analysts at Citi, the public offering implies a 40-50% dilution to current shareholders but should be positive as Cosan S.A. (NYSE:CSAN) would enter ‘a new phase, which should be marked by deleveraging in the holding company'. Following the recent downturn, the share price of Cosan S.A. (NYSE:CSAN) has dropped by 51% over the last year. While we acknowledge the potential of CSAN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extr Show less Read more
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