Large Outflow of Money Witnessed in Petroleo Brasileiro S.A.- Petrobras

Petroleo Brasileiro S.A.- Petrobras (PBR) : Fridays money flow analysis of Petroleo Brasileiro S.A.- Petrobras (PBR) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $32.63 million. In comparison, the inflow of money on upticks was a meager $24.36 million. The dollar value of composite uptick trades minus the downtick trades was negative $8.26 million. The uptick to downtick ratio of 0.75 in the money flow shows weakness. The uptick block trades were valued at $3.22 million. The downtick transaction value was high at $9.7 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.33. Hence, the net money flow in the stock was negative ($6.49 million). Petroleo Brasileiro S.A.- Petrobras (PBR) gained $0.36 at $9.58, a change of 3.9% over the previous days close.


Institutional Investors own 6.23% of Petroleo Brasileiro S.A.- Petrobras shares.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR): The stock opened at $9.46 and touched an intraday high of $9.7 on Friday. During the day, the stock corrected to an intraday low of $9.46, however, the bulls stepped in and pushed the price higher to close in the green at $9.58 with a gain of 3.90% for the day. The total traded volume for the day was 23,452,538. The stock had closed at $9.22 in the previous trading session.

Petroleo Brasileiro S.A.- Petrobras (PBR) : Traders are bullish on Petroleo Brasileiro S.A.- Petrobras (PBR) as it has outperformed the S&P 500 by a wide margin of 14.75% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.63%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.16% in the last 1 week, and is up 14.59% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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