Kolkata, West Bengal -- (SBWIRE) -- 09/13/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Petroleo Brasileiro Petrobras SA (ADR)(NYSE:PBR), Federal National Mortgage Association(OTC:FNMA), AMR Corporation(PINK:AAMRQ).
Petroleo Brasileiro Petrobras SA (ADR)(NYSE:PBR) shares dropped 3.38% to $14.87. On Aug 19, 2013, Zacks downgraded Brazilian state-run energy giant Petroleo Brasileiro S.A., or Petrobras (PBR) to Underperform from Neutral.
Additionally, the company on August 19 said that its board approved the sale of $2.1 billion in oil and gas, petrochemical and power plant assets as part of its $9 billion divestiture program. The sale included Petrobras' 35% stake in block BC-10 in the Campos Basin, known as the Parque das Conchas, to China's Sinochem for $1.54 billion.
Should Investors Buy PBR After Yesterday’s Jump? Find Out Here
Federal National Mortgage Association(OTC:FNMA) shares declined 7.69% to $1.08. The company on Sept. 4 said it is starting to prepare investors for the first transaction in which the firm would share the risk of homeowner defaults with bond buyers. Executives at Washington-based Fannie Mae (FNMA), which bought or guaranteed $468 billion of residential mortgages in the first half of the year, will discuss its credit-risk management practices on an invitation-only web conference for investors that was set to start at 12:30 p.m. today, according to an online posting.
Additionally, the company on August 26 said it plans to sell $2.0 billion of benchmark bills on Wednesday. The sale will include $1.0 billion of three-month bills, due Nov. 27, 2013, and $1.0 billion of six-month bills, due Feb. 26, 2014. Settlement is Aug. 28-29.
How Should Investors Trade FNMA After The Recent Volatility? Get Free Trend Analysis Here
AMR Corporation(PINK:AAMRQ) shares increased 3.99% to $3.65. The company on Sept. 9 reported August 2013 consolidated revenue and traffic results for its principal subsidiary, American Airlines, Inc., and its wholly owned subsidiary, AMR Eagle Holding Corporation.
August's consolidated passenger revenue per available seat mile (PRASM) was a record high for the month, increasing an estimated 3.0 percent versus last year. Consolidated capacity and traffic were 4.2 percent and 3.2 percent higher year-over-year, respectively, resulting in a consolidated load factor of 85.0 percent, 0.8 points below the same period last year.
Is AAMRQ A Good Buy After The Recent Price Movement? Find Out Here
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