Cosan (NYSE:CSAN) Sees Strong Trading Volume

Cosan S.A. (NYSE:CSANGet Free Report) shares saw strong trading volume on Wednesday . 664,461 shares traded hands during mid-day trading, an increase of 175% from the previous session’s volume of 241,666 shares.The stock last traded at $12.27 and had previously closed at $12.26.

Cosan Stock Performance

The business has a fifty day simple moving average of $13.98 and a 200 day simple moving average of $14.18.

Institutional Investors Weigh In On Cosan

Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new stake in Cosan in the 4th quarter worth approximately $27,000. GAMMA Investing LLC bought a new stake in Cosan during the fourth quarter valued at about $27,000. PNC Financial Services Group Inc. boosted its stake in Cosan by 199.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,480 shares of the company’s stock worth $59,000 after purchasing an additional 2,983 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in Cosan during the 4th quarter valued at approximately $76,000. Finally, Advisor Group Holdings Inc. boosted its position in Cosan by 32.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 5,027 shares of the company’s stock worth $67,000 after purchasing an additional 1,227 shares in the last quarter.

About Cosan

(Get Free Report)

Cosan SA engages in the fuel distribution business in Brazil, Europe, Latin America, North America, Asia, and internationally. The company's Raízen segment distributes and markets fuels through a franchised network of service stations under the Shell brand; engages in the petroleum refining; operation of convenience stores; manufacture and sale of automotive and industrial lubricants; and production and sale of liquefied petroleum gas.

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