What is behind EMBRAER’s soaring performance? Shares up 12% in the week and 64% in 40 days

Shares of the midsize aircraft manufacturer are trading at their highest in a year, after plummeting due to the pandemic and the end of the partnership with Boeing.

RIO DE JANEIRO, BRAZIL - The shares of aircraft manufacturer EMBRAER (EMBR3) closed the week as the second largest rise in the Ibovespa index, with 12.3% gains in the period. In Friday's trading session, shares rose 4.8% and led the positive side of the index.

However, this positive performance is not new. Since January 29th (the last trading day in the month) to date, the accumulated appreciation reaches 64%, against a 1% overall drop in the Ibovespa over the same period. Such performance hs led the shares, currently priced at R$14.40, to their highest level in . . .

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