Brazil’s federal tax authority filed a series of new tax claims against Petrobras Brasileiro Petrobras SA (ADR) (NYSE:PBR) between October and January, and the state-run company is challenging five tax assessments that total 8.77B Brazilian reais ($3.74B). Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stock opened at $10.69 in last session, and closed at $10.69, while the day range of Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stock is $10.60 – $10.81. The stock showed a positive weekly performance of -2.99%.
Alcoa Inc. (NYSE:AA) was the target of some unusual options trading on Tuesday. Investors bought 19,795 put options on the stock, StockRatingsNetwork.com reports. This is an increase of approximately 200% compared to the average volume of 6,608 put options. Alcoa Inc. (NYSE:AA) stock opened at $12.07 in last session, and closed at $12.17 by losing -0.16%. The 52 week range of $7.63 – $12.38. Company’s market capitalization is $13.06 billion.
Vale SA (ADR) (NYSE:Vale) is a Brazil-based metals and mining company. The Company services are divided into four segments: Bulk Material, including the extraction of iron ore, manganese and ferroalloys, as well as pellet production; Basic metals, comprising the production of non-ferrous minerals, including nickel, copper and aluminium; Fertilizers, including the production of potash, phosphate and nitrogen; and Logistic services, including cargo transportation for third parties divided into rail transport, port and shipping services. Vale SA (ADR) (NYSE:VALE) stock increased 2.07% and finished the last session at $12.80. The EPS of the stock remained 1.17. Company’s market capitalization is $65.96 billion.
Valero Energy (NYSE:VLO) was downgraded by equities researchers at Barclays to a “market weight” rating in a research report issued on Wednesday, Analyst Ratings Network reports. VLO has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Valero Energy from $40.00 to $44.00 in a research note on Monday. They now have an “outperform” rating on the stock. Valero Energy Corporation (NYSE:VLO) stock opened the session at $53.45, and closed the session at $55.29. The 52 week range of the Valero Energy Corporation (NYSE:VLO) stock remained $33.00 – $55.32 and the day range was $53.40 – $55.32.
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