Stocks Showing Noteworthy Declines on News (PBR, MRO, RNN, MCO)

Los Angelas, CA -- (SBWIRE) -- 02/06/2013 -- Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) began the trading session with a price of US$17.17 and throughout the session slump to a 52-week low of US$16.56. When day-trade ended, the stock finally dropped 7.93% to US$16.60. There're about 68.12 million shares traded in the market, which was more than 5 times than average volume of 13.53 million shares.

Is it the Right to Grab PBR after the Recent Slump? Find Out Here

Marathon Oil Corporation (NYSE:MRO) decreased 2.79% to $33.75 in the pre-market trading hours. The Company reported fourth quarter profit of $322 million or 45 cents per share compared to profit of $549 million or 78 cents per share in the previous year quarter. The adjusted net income in the fourth quarter was 55 cents per share. Revenue in the quarter was $4.24 billion compared to $3.81 billion in the prior year quarter.

Will MRO Reach The Bottom After Yesterday’s Correction? Find Out Here

Rexahn Pharmaceuticals, Inc. (NYSE:RNN) stock declined 4.03% to $0.355. Maxim Group initiated coverage on shares of Rexahn in a research report released on Jan. 30. The firm issued a buy rating and a $1.50 price target on the stock.

Will RNN Bounce Back After yesterday’s Sharp Sell off? Find Out Here

Moody’s Corporation (NYSE:MCO) shares fell 8.82% to $45.09. MCO’s stock had its target price boosted by Barclays Capital from $50.00 to $58.00 in a report released on Jan. 21. Barclays Capital currently has an equal weight rating on the stock. Additionally, analysts at Piper Jaffray reiterated an overweight rating on shares of Moodys Corporation in a research note to investors on January 14. They now have a $59.00 price target on the stock, up previously from $58.00.

How Should Investors Trade MCO Now? Find Out Here

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