Petroleo Brasileiro SA- Petrobras (PBR) has released an update.
Petrobras reports significant share purchases throughout May 2024, with a total of 12,912,500 PETR4 shares bought via Bradesco S/A Corretora de Títulos e Valores Mobiliários. These transactions increased their holding to 148,382,009 shares, reflecting a rise in both same class share percentage to 2.6% and total capital percentage to 1.1%. The substantial buying activity signals a possibly strategic move by the oil giant in the financial markets.
For further insights into PBR stock, check out TipRanks’ Stock Analysis page.
