Why Embraer Stock Popped 15% This Morning
Another day, another sharp move higher for Embraer (NYSE: ERJ) stock. Shares of the Brazilian planemaker are up 9% at 2:30 p.m. EDT, and had topped 15% earlier in the day. But why?
As my fellow Fool.com contributor Lou Whiteman pointed out earlier today, there's word of green shoots emerging in Brazil, Embraer's home country, with Rio de Janeiro making early moves toward reopening tourist attractions and other businesses.
Image source: Embraer.
Source Fool.com
