Why GOL Linhas (GOL) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of Brazilian airline GOL Linhas  (GOL) closed down 8.27% to $4.88 on Monday after Brazil's real fell to a five-year low ahead of the nation's presidential election on October 5.

The currency dropped 2.1% to 2.4713 per U.S. dollar Monday morning in Sao Paolo, the worst performance of 31 major currencies, according to Bloomberg. The real has declined 11% in the third quarter, the largest decrease since September 2011.

The latest polls show incumbent Dilma Rousseff is increasing her lead over pro-business candidate Marina Silva. The real dropped amid concerns a Rousseff victory would cause Brazil to struggle to come out of its recession.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More than 2.6 million shares changed hands Monday, compared to the average volume of 1,758,970.

Separately, TheStreet Ratings team rates GOL LINHAS AEREAS INTELIGENT as a "sell" with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate GOL LINHAS AEREAS INTELIGENT (GOL) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

P&G Buys Consumer Healthcare Unit From Germany's Merck in First Peltz-era Deal

P&G Buys Consumer Healthcare Unit From Germany's Merck in First Peltz-era Deal

Amazon's Stock Spikes After Jeff Bezos Says He Has 100 Million Prime Members

Amazon's Stock Spikes After Jeff Bezos Says He Has 100 Million Prime Members

Oil Prices Soaring to $100 Makes These 4 Stocks Winners

Oil Prices Soaring to $100 Makes These 4 Stocks Winners

Amazon, Procter & Gamble, Southwest and Netflix - 5 Things You Must Know

Amazon, Procter & Gamble, Southwest and Netflix - 5 Things You Must Know

Global Stocks Mixed as Oil, Commodity Price Surges Ignite Fresh Inflation Talk

Global Stocks Mixed as Oil, Commodity Price Surges Ignite Fresh Inflation Talk