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

Petroleo Brasileiro S.A.- Petrobras (PBR) : Net money flow in Petroleo Brasileiro S.A.- Petrobras (PBR) was negative ($3.61 million) and the inflow of money on uptick was $12.9 million, whereas, the outflow of money on downticks amounted to $16.51 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.78. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $1.65 million. On the other hand, the total value of block trades done on downticks was $4.78 million. The ratio of uptick to downtick block trades was 0.34. The money flow in block trades was negative ($3.13). Petroleo Brasileiro S.A.- Petrobras (PBR) gained $0.29 cent during the day and reached $8.21, a gain of 3.66% over the previous day.


The stock has recorded a 20-day Moving Average of 16.5% and the 50-Day Moving Average is 21.17%. Shares have dropped -9.86% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $8.70 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $6.59 and the 200 Day Moving Average price is recorded at $5.41.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.22 and $8.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.21, notching a gain of 3.66% for the day. The total traded volume was 26,584,314 . The stock had closed at $7.92 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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