IRB Brazil claims not to be involved in stock movement By Reuters



[ad_1]


© Reuters.

(Reuters) – IBR Brasil RE (SA 🙂 announced on Friday that it has no involvement or interference in the movement of investors involving the reinsurer’s shares, according to a response to regulators following a request for clarification due to the latest fluctuations. that involve values. .

Shares in the IRB soared nearly 18% on Thursday, with investors following the move that prompted GameStop’s (NYSE 🙂 role of pressuring sellers to short.

In a Facebook group called “IRBR3 Forum Investing”, with 8,300 members, investors stated that the intention was to imitate US retail investors, using derivatives and coordinating the purchase in social media forums that led to actions like the North American retailer.

The company said that it became aware of the movement through the press and information available on social networks and that “it could not even verify the veracity of the information reported.

(By Paula Arend Laier)

Risk statement: Fusion Media I would like to remind you that the data contained in this website is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage as a result of reliance on the information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading financial markets, it is one of the riskiest investment forms possible.



[ad_2]