Why Shares of Azul Rocketed Over 14% Higher on Tuesday
Shares of Brazil-based budget carrier Azul (NYSE: AZUL) climbed steeply on Tuesday. This seems to be tied to developments in the reopening of the struggling Brazilian economy, plus perhaps some good news with a corporate sibling.
Image source: Azul.
On Tuesday, the massive city's "non-essential" businesses were allowed to reopen, which will have a dramatic effect on the national economy. Rio is also an immensely popular tourist destination, and now that more retailers have their lights on, the attraction for outsiders to visit is that much stronger.
Source Fool.com
