RAIA Drogasil SA ADR has returned -4.5% from $4.92 since 2021, trailing SPY's +72.3% over the same period. The stock hit an all-time high of $54.64 in Feb 2023 and is currently 91.4% below that level. Of 15 tracked news events, 60% produced a positive market-adjusted return.
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Every dot on the chart is a news event. The return shown is market-adjusted (vs SPY). Green = stock outperformed. Red = underperformed. Dot size = magnitude of reaction.
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