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

Petroleo Brasileiro S.A.- Petrobras (PBR) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (0.93 million) in Petroleo Brasileiro S.A.- Petrobras (PBR). On Wednesday, The value of composite uptick trades was $12.92 million, whereas, the value of composite downtick trades was $13.85 million and the ratio between the two was 0.93, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $4.04 million. $3.82 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.94. The negative money flow of ($0.22 million) shows selling on strength. Petroleo Brasileiro S.A.- Petrobras (PBR) gained $0.04 intraday at $9.1 and registrered 0.39% for the week.


Petroleo Brasileiro S.A. – Petrobras has dropped 0.11% in the last five trading days, however, the shares have posted positive gains of 1.39% in the last 4 weeks. Petroleo Brasileiro S.A. – Petrobras is up 32.31% in the last 3-month period. Year-to-Date the stock performance stands at 120.93%.

Petroleo Brasileiro S.A.- Petrobras (PBR) : Zacks Investment Research ranks Petroleo Brasileiro S.A.- Petrobras (PBR) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 3.06, which indicates as a Hold.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR): The stock opened at $9.13 and touched an intraday high of $9.53 on Wednesday. During the day, the stock corrected to an intraday low of $8.97, however, the bulls stepped in and pushed the price higher to close in the green at $9.5 with a gain of 4.86% for the day. The total traded volume for the day was 30,456,414. The stock had closed at $9.06 in the previous trading session.

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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