This Is What Whales Are Betting On Petrobras Brasileiro
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Petrobras Brasileiro (NYSE:PBR), with 63% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $13.0 to $30.0 for Petrobras Brasileiro over the last 3 months. The price of PBR is up 0.11% at $14.06. Bradesco Corretora has maintained their Neutral rating on Petrobras Brasileiro, with a price target of $10.

August 04, 2023 | 2:08 pm
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Bearish stance taken by significant investor on Petrobras Brasileiro. Price target range of $13-$30 over last 3 months. Current price up 0.11% at $14.06.
The bearish stance taken by a significant investor, along with the fact that 63% of the investors have opened trades with bearish expectations, could potentially drive the stock price down in the short term. However, the current price is up 0.11% at $14.06, which is within the targeted price range of $13-$30 over the last 3 months. Bradesco Corretora has maintained their Neutral rating on Petrobras Brasileiro, with a price target of $10, which is below the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100