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

Petroleo Brasileiro S.A.- Petrobras (PBR): The stock had negative money flow to the tune of ($7.69 million) on Thursday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $30.47 million, whereas, the outflow of money on downticks was $38.16 million and the ratio between the two was 0.8. The block trade had a negative net money flow of ($4.65 million). The total block trade value undertaken on upticks was $6.9 million. On the other hand, downticks amounted to $11.54 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.6. Petroleo Brasileiro S.A.- Petrobras (PBR) closed with marginal gains of 12 cents to end the day at $7.12, an increase of 1.71% over the previous days close. The stock recorded -4.69% for the week.


Petroleo Brasileiro S.A.- Petrobras (PBR) : 8 Wall Street analysts covering Petroleo Brasileiro S.A.- Petrobras (PBR) believe that the average level the stock could reach for the short term is $7.48. The maximum price target given is $17 and the minimum target for short term is around $3, hence the standard deviation is calculated at $4.16. The stock has recorded a 20-day Moving Average of 5.24% and the 50-Day Moving Average is 5.26%.

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 $7.24 and $7.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.12, notching a gain of 1.71% for the day. The total traded volume was 38,583,091 . The stock had closed at $7.00 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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