Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,303.10 +8.60 0.06%
S&P 500 1,649.60 -0.91 -0.06%
Nasdaq 3,459.14 -0.27 -0.01%
Ticker Volume Price Price Delta
STOXX 50 2,764.29 -12.49 -0.45%
FTSE 100 6,654.34 -42.45 -0.63%
DAX 8,305.32 -46.66 -0.56%
Ticker Volume Price Price Delta
Nikkei 14,612.50 +128.47 0.89%
Hang Seng 22,618.70 -51.01 -0.23%
S&P/ASX 200 4,983.50 -78.95 -1.56%

Marfrig CEO Increases Stake in Company for Fifth Straight Month

Marfrig Alimentos SA (MRFG3) founder and Chief Executive Officer Marcos Antonio Molina boosted his stake in the company for a fifth consecutive month.

Molina increased his stake to 48.8 percent in July from 48.6 percent a month earlier, according to a statement yesterday. Since February, he has spent about 74.6 million reais ($37 million) buying shares, according to previous regulatory filings. He held 43.5 percent of the company a year ago.

Marfrig shares dropped 41 percent in the past two years, more than the 12 percent slide of the Bovespa stock index.

To contact the reporter on this story: Lucia Kassai in Sao Paulo at lkassai@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link