Revenue and Profit Turnaround Drive Movida’s Stock Rally

A slight improvement in Brazil’s Movida’s (MOVI3) second-quarter 2024 financial results excited investors. The car rental company’s shares were among the highest gainers on the Brazilian stock exchange (B3) on Wednesday, August 7th. By around 1 PM, Movida’s shares had surged by 16.83%, trading at R$ 7.36. Despite this spike, the stock has still recorded […]