Last week (November 9 to 13, 2026), the ranking of the biggest declines on the B3 was led by CSED3 (Cruzeiro Edu), down 21.79%, closing at R$ 3.66. Next were HBOR3 (Helbor), at -20.00%, at R$ 1.16, and HBRE3 (HBR Realty), at -19.78%, at R$ 1.46. During the week, Cruzeiro do Sul reported adjusted net income of R$ 52 mi in 3Q26 and announced the resignation of a board member.

Among the companies tied to Helbor, HBOR3 settled the tender offer (OPA) and delivered HBR shares to shareholders, and the Controlling Block sold 67 mi shares and zeroed out its stake. Helbor also posted net income of R$ 5.1 mi in 3Q26. HBRE3 completed the settlement of Helbor's exchange tender offer, and the controlling shareholders raised their stake in the company to 56%.

CSNA3 (Sid Nacional) fell 15.65%, to R$ 3.72. The company posted a loss of R$ 1.2 bi in 3Q26, announced the resignation of CFO Marco Rabello, and raised its S&P Global ESG Score from 56 to 61 points. CMIN3 (CSN Mineração) declined 7.75%, to R$ 4.64, with a loss of R$ 356.3 mi in 3Q26. BBAS3 (Banco do Brasil) lost 11.85%, to R$ 15.10; the company cut its 2026 payout from 30% to 25% and posted adjusted net income of R$ 8.6 bi in 9M26.

MELK3 (Melnick) fell 14.34%, to R$ 2.09, and the company posted net income of R$ 6 mi in 3Q26. SBFG3 (Grupo SBF) declined 9.35%, to R$ 4.85, after a loss of R$ 17.5 mi in 3Q26. SMTO3 (São Martinho) dropped 8.77%, to R$ 18.41, with net income of R$ 50.9 mi in 2Q27 and a 10.5% cut in its ATR projection for the 26/27 harvest. SOJA3 (Boa Safra) declined 7.27%, to R$ 5.61, and posted net income of R$ 26 mi in 3Q26.

StockCompanySectorChangeClose
CSED3CRUZEIRO EDUCyclical Consumer-21.79%R$ 3,66
HBOR3HELBORCyclical Consumer-20.00%R$ 1,16
HBRE3HBR REALTYReal Estate-19.78%R$ 1,46
CSNA3SID NACIONALBasic Materials-15.65%R$ 3,72
MELK3MELNICKCyclical Consumer-14.34%R$ 2,09
BBAS3BRASILFinancial-11.85%R$ 15,10
SBFG3GRUPO SBFCyclical Consumer-9.35%R$ 4,85
SMTO3SAO MARTINHOOil, Gas and Biofuels-8.77%R$ 18,41
CMIN3CSNMINERACAOBasic Materials-7.75%R$ 4,64
SOJA3BOA SAFRANon-Cyclical Consumer-7.27%R$ 5,61

Read the full reports

For information only; not investment advice.