May 16 (Bloomberg) -- The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses, and prices are as of the close. Preferred shares are usually the most-traded class of stock.
The Bovespa Index dropped 0.6 percent to 55,887.57.
B2W Cia. Global de Varejo (BTOW3 BS) rose 16 percent to 7.49 reais after newspaper Valor Economico reported controller Lojas Americanas SA will delist the online retailer’s shares. B2W and Lojas Americanas declined to comment on the report, according to an e-mailed statement from an external public relations firm.
Petroleo Brasileiro SA (PETR4 BS) gained 4.3 percent to 19.29 reais after saying in a regulatory filing oil exports rose 20 percent from a year earlier to 497,000 barrels a day, boosting revenue. Sales climbed 22 percent to 66.13 billion reais ($33 billion) in the first quarter.
Suzano Papel & Celulose SA (SUZB5 BS), Brazil’s second-largest pulp producer, slumped 1.8 percent to 6.36 reais, the lowest price since July 2003, after saying it plans to sell new shares to reduce debt and reinforce cash.
Banco Bradesco SA (BBDC4 BS) fell 1.7 percent to 28.11 reais, the lowest price in six months. The bank reduced fees it charges to manage some investment funds, according to an e-mailed statement. Banks are cutting fees of managed funds to maintain their attractiveness as the government reduces the target lending rate.
Usinas Siderurgicas de Minas Gerais SA (USIM3 BS) fell 7.3 percent to 14.31 reais after MSCI Inc. said it was removing the stock from its Brazil index.
JBS SA (JBSS3 BS) dropped 8.8 percent to 6.09 reais after reporting first-quarter net income fell to 116.1 million reais from 147 million reais a year earlier.
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