Petroleo Brasileiro SA to open lower
Thursday, September 2, 2010
Petroleo Brasileiro SA (NYSE:PBR) is set to open lower this morning, after gaining more than 2.62% in stock value. More than 19.91M shares were traded, and the stock was up almost a dollar per share. The usual trading volume is about 10 million shares.
The stock is set to open lower, and possibly lose up to -0.25% stock value. The NYSE stock also had the same pattern, Petroleo Brasileiro SA (ADR) (NYSE:PBR.A), up 2% in stock value with the volume of 7.64M shares.
This oil and gas company is set to release Q3 earnings on Oct 15, 2010. This stock has been doing really good over the last week, and is currently hitting the highest point this week.
