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Petrobras (PBR) Surges 5.3%: Is This an Indication of Further Gains?
ZACKS· 2026-01-22 19:15
Petrobras (PBR) shares rallied 5.3% in the last trading session to close at $13.51. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 8.5% gain over the past four weeks.Petrobras’ shares moved higher after the company announced a $560 million contract to build LPG carriers, barges and pushboats at Brazilian shipyards, expanding Transpetro’s fleet and reducing dependence on chartered vessels. The deal is also ex ...