Shares of Petroleo Brasileiro S.A.- Petrobras (PBR) Sees Large Outflow of Money

Petroleo Brasileiro S.A.- Petrobras (PBR) : The total money flow in Petroleo Brasileiro S.A.- Petrobras (PBR) was negative ($2.48 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $20.36 million. In comparison, the inflow of money into the stock on upticks was $17.87 million. The uptick to downtick ratio was 0.88. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $3.37 million. The value of transactions on uptick was $2.35 million. The negative money flow of ($1.02 million) confirms the selling in Petroleo Brasileiro S.A.- Petrobras (PBR) on strength. The uptick to downtick ratio of block trades was 0.7. Petroleo Brasileiro S.A.- Petrobras (PBR) gained $0.02 at $9.39, a gain of 0.21% over the previous days close. However, the stock registered 3.07% in the week.


Also, Equity Analysts at the Brokerage Firm, Credit Suisse, upgrades their rating on the shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR). Credit Suisse has a Neutral rating on the shares. Previously, the analysts had a Underperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $8.6 per share from a prior target of $2. The rating by the firm was issued on August 26, 2016.

Shares of Petroleo Brasileiro S.A. – Petrobras rose by 1.4% in the last five trading days and 16.21% for the last 4 weeks. Petroleo Brasileiro S.A. – Petrobras is up 61.62% in the last 3-month period. Year-to-Date the stock performance stands at 118.37%.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.46 and $9.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.39, notching a gain of 0.21% for the day. The total traded volume was 17,994,049 . The stock had closed at $9.37 on the previous day.

Petroleo Brasileiro SA Petrobras is a Brazil-based integrated energy company. The Company operates in the Exploration and Production (E&P); Refining, Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution, and International segments. E&P includes exploration, development and production of crude oil, natural gas liquid and natural gas in Brazil. RTM covers the refining, logistics, transport and trading of crude oil and oil products activities, export of ethanol, extraction and processing of shale, and interests in petrochemical companies in Brazil. The Gas and Power segment includes transportation and trading of natural gas produced in Brazil, among other activities. Biofuels segment covers the activities of production of biodiesel and its co-products, as well as the ethanol-related activities. The Distribution segment includes its retail network and wholesale channels. The International segment includes its activities in the Americas, Africa, Europe and Asia.

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