Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), gained 5.08% after the news that the company cut its workforce by 12.4% through a voluntary separation program. The program, launched in January, offers an early retirement plan to employs. Petrobras said 8,298 employees agreed to be bought out, and 55% of them will leave the company in 2014. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), net profit margin is 8.50% and weekly performance is 10.32%. On last trading day company shares ended up $15.18. Analysts mean target price for the company is $18.46. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), distance from 50-day simple moving average (SMA50) is 21.55%.
One of the chief players in the mining and metals business Vale SA (ADR) (NYSE:VALE), has recently announced its financial results of its first quarter. VALE also outlined its outlook and highlights of the financial quarter to layout the strategies for coming quarters. Vale SA (ADR) (NYSE:VALE), shares fell 1.33% in last trading session and ended the day on $13.37. SUNE Gross Margin is 44.20% and its return on assets is 3.40%. Vale SA (ADR) (NYSE:VALE), quarterly performance is -5.04%.
Shares of The Dow Chemical Company (NYSE:DOW), saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 22,818,719 shares, a decrease of 16.9% from the March 31st total of 27,460,639 shares, Analyst Ratings Net reports. The Dow Chemical Company (NYSE:DOW), shares moved down 0.63% in last trading session and was closed at $49.21, while trading in range of $ 48.89 – 50.14. The Dow Chemical Company (NYSE:DOW), year to date (YTD) performance is 11.66%.
On May 6, 2014, Alcoa Inc (NYSE:AA), announced that the Company’s Executive Vice President and CFO William F. Oplinger will present at the 31st annual Bank of America Merrill Lynch Global Metals, Mining and Steel Conference to be held between May 13- 15, 2014 in Miami Beach, Florida. The Company informed that Oplinger will speak at 3:30 p.m. EDT and will discuss about the Company’s value-add businesses and how the Company is dealing with demand in growing markets, while lowering the cost base of the Company’s commodity business to improve profitability. Alcoa Inc (NYSE:AA), ended the last trading day at $13.28. Company weekly volatility is calculated as 1.75% and price to cash ratio as 23.41. Alcoa Inc (NYSE:AA), showed a negative weekly performance of -2.64%.
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