Morning Movers: Transocean (NYSE:RIG), Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR-A), Arbor Realty Trust (NYSE:ABR), Renewable Energy Group (NASDAQ:REGI), PEDEVCO (NYSEMKT:PED)


Transocean LTD (NYSE:RIG) CEO Steven L. Newman bought 9,800 shares of the company’s stock on the open market in a transaction dated Monday, December 1st. The stock was purchased at an average cost of $20.41 per share, with a total value of $200,018.00. Transocean Ltd. (NYSE:RIG) in last trading activity increased 3.26% to close at $16.78. Company weekly performance is -7.95% while its quarterly performance stands at -50.44%. Transocean Ltd. (NYSE:RIG) is -63.47% away from its 52 week high.

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR-A) has received a joint offer for its 34% stake in Cia. Mega SA from partners YPF and Dow Chemical, as per Bloomberg. Buenos Aires-based YPF owns 38% of Mega and Dow has 28%. On last trading day Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR-A) increased 0.90% to close at $6.72. Its volatility for the week is 6.97% while volatility for the month is 5.49%. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR-A) monthly performance is -34.31%.

Arbor Realty Trust (NYSE:ABR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Thursday. The firm currently has a $7.80 price objective on the stock. Zacks‘s price target suggests a potential upside of 13.04% from the company’s current price.On last trading day Arbor Realty Trust Inc. (NYSE:ABR) remains unchanged to close at $6.67. Its volatility for the week is 2.11% while volatility for the month is 1.74%. ABR’s sales growth for past 5 years was -8.70% and its EPS growth for past 5 years was 16.10%. Arbor Realty Trust Inc. (NYSE:ABR) monthly performance is -3.47%.

Renewable Energy Group, Inc. (NASDAQ:REGI) celebrated Monday the completion of upgrades to its 30-million gallon nameplate biorefinery in Newton, Iowa, which allows the plant to produce an even higher purity biomass-based diesel from a wider variety of raw materials. Renewable Energy Group, Inc. (NASDAQ:REGI) has 0.60% insider ownership while its institutional ownership stands at 77.90%. In last trading activity company’s stock closed at $9.11.

Shares of Pedevco Corp (NYSEMKT:PED) saw a large drop in short interest in November. As of November 14th, there was short interest totalling 44,124 shares, a drop of 72.8% from the October 31st total of 162,011 shares, Analyst Ratings Network.com reports. On Tuesday shares of PEDEVCO Corp. (NYSEMKT:PED) closed at $0.48. Company’s sales growth for last 5 years was 11.80%.


Leave a Reply

Your email address will not be published. Required fields are marked *