Stock News : Large Cap Stock Gainers (PBR, BAC, GE, HPQ)

Petroleo Brasileiro SA (ADR) (NYSE:PBR) added 0.45% to $35.75 on over 46.69 million shares. The stock moved in an intraday range of $34.99-$35.86. So far this year, the stock plunged over 25%.

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The New York Times sources reported that the company raised BRL 120.36 billion through share issue. The $69.97 billion offering will used to fund the Company’s $224 billion business plan to develop so-called pre-salt fields off Brazil’s Atlantic coast.

Today, the stock opened the trade at $35.02. At current market price, the market capitalization of the stock stands at $156.84 billion.

Bank of America Corporation (NYSE:BAC) rose 1.75% to $13.40 with over 27.20 million shares. Over the past 52-weeks, the stock traded within the range of $12.18-$19.86. The stock is down more than 11% year-to-date.

The median Wall Street price target on the stock is $19.75 and the high target is set at $26 with majority of analysts have a Strong Buy rating on the company`s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $13.30 and $15.52 respectively.

In the past six months of trading sessions, the stock fell more than 23%.

General Electric Company (NYSE:GE) added 1.86% to $16.44 after 14.13 million shares of trade. At current market price, the market capitalization of the stock stands at $175.76 billion.

The company said Friday that its GE Transportation division and Brazilian rail operator MRS Logistica reached largest locomotive purchase agreement ever in Brazil. Under the terms of the deal, MRS will buy 115 AC44i locomotives and has an option to buy a further 100.

Till now, 14.13 million shares have already been traded. The stock moved in an intraday range of $16.30-$16.50. So far this year, the stock jumped over 7%.

The company has Price/Sales ratio of 1.13. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $15.65 and $16.55 respectively.

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Hewlett-Packard Company (NYSE:HPQ) surged 3.71% to $41.64 after 7.04 million shares. Over the past 52-weeks, the stock traded within the range of $37.32-$54.75. The stock is down more than 21% year-to-date.

The median Wall Street price target on the stock is $55 and the high target is set at $65 with majority of the analyst has a Strong Buy rating on the company`s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $40.12 and $46.81 respectively.

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