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

Petroleo Brasileiro S.A.- Petrobras (PBR) : The total negative money flow of $1.57 million on Monday indicates selling on strength. The inflow of money on upticks was $2.82 million, compared to $4.39 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.64. The negative money flow of $1.93 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $0.3 million in a block trade.The transaction value of block trade on downtick was $2.23 million. The uptick to downtick ratio was 0.13. The price action in the Petroleo Brasileiro S.A.- Petrobras (PBR) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $8.96 with a gain of $0.23 , a change of 2.63% over the previous days close. The stock registered 7.18% for the week.


Shares of Petroleo Brasileiro S.A. – Petrobras rose by 4.97% in the last five trading days and 11.69% for the last 4 weeks. Petroleo Brasileiro S.A. – Petrobras is up 26.99% in the last 3-month period. Year-to-Date the stock performance stands at 111.16%.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.90 and $8.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.08, notching a gain of 4.01% for the day. The total traded volume was 21,636,019 . The stock had closed at $8.73 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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