Petrovalask Share Price Courses

Petroleo Brasileiro SA, or Petrobras, is a Brazilian energy giant. Its stock, PetrobrasSA (PETR4.SA) is traded on the Sao Paulo Stock Exchange. Since the company is heavily involved in the Brazilian economy its stock prices are highly dependent on the performance of the Brazilian economy. In 2017, the Petrobras share price was hit hard by a corruption scandal. After the scandal, shares fell to their lowest point since the company was listed in 2000. The company saw investors fleeing, leading to a share price that closed at a three year low in December of 2017 at R$18.48. Since 2017, however, the Petrobras share price has been steadily recovering. By October of 2018, Petrobras shares had recovered to R$24.28. This was bolstered by positive news from the company such as a strengthening in commodity prices and the improved outlook for the Brazilian economy. On October 9, 2019, Petrobras’ share price closed at R$32.27, its highest level since April of 2017. As of this writing, Petrobras’ share price continues to trend upwards, buoyed by a strong Brazilian economy and increased demand for Petrobras’ products. Investors should be sure to keep track of developments in the Brazilian economy and Petrobras as both can have a significant impact on the share price. Moreover, investors should keep an eye on the company's financial performance, dividend performance as well as any potential scandals or disruptions that may negatively impact the share price.