RIO DE JANEIRO, BRAZIL - Rising sharply in recent months, having doubled in market value since May and up 140 percent in 2019, Via Varejo's (VVAR3) share price crashed at the end of the trading session on Thursday, December 12th.
The securities, which until 5:54 PM Thursday were up 8.14 percent, tumbled and closed down 3.10 percent, shortly after the company disclosed relevant facts confirming indications of accounting fraud that should have a significant impact on earnings for the fourth quarter of 2019.
On Friday, November 13th, the securities had a highly volatile session, with a drop . . .