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News Review: Petroleo Brasileiro SA Petrobras (ADR) (PBR.A), Itau Unibanco Holding SA (ADR) (ITUB), Paypal Holdings Inc (PYPL)

Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR.A) was trading lower by -1.11% to $4.02.So far, around 4.31 million shares have changed hands in this session. After opening at $3.95, the stock hit as high as $4.03. However, it traded between $3.12 and $11.74 over the last twelve months. Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR.A) operates as an integrated energy company in Brazil and internationally. Its Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of crude oil and oil products produced at natural gas processing plants in domestic and foreign markets. The company’s Refining, Transportation and Marketing segment is involved in the refining, logistics, transport, and trading of crude oil and oil products, as well as exports ethanol and invests in petrochemical companies.

Has PBR.A Found The Bottom and Ready To Move Up? Find Out Here

Itau Unibanco Holding SA (ADR) (NYSE:ITUB) was at $7.45, showing a -1.72% decrease. Around 5.49 million shares have been traded, versus an-average trading volume of 20.87 million shares. Itau Unibanco Holding SA (ADR) (NYSE:ITUB) provides various financial products and services to individuals and corporate clients in Brazil and internationally. The company operates through Commercial Bank – Retail, Consumer Credit – Retail, and Wholesale Bank segments. The company accepts demand deposits, savings deposits, and time deposits; and offers credit cards, personal loans, payroll loans, vehicle loans, and residential mortgage loans. It also provides asset management, custody and bookkeeping, consortium, investment banking, and electronic payment means services. In addition, the company offers insurance products, such as property, casualty, and life insurance; and pension plans, as well as capitalization and leasing services.

Has ITUB Found The Bottom And Ready To Gain Momentum? Find Out Here

Paypal Holdings Inc (NASDAQ:PYPL) shares decline today, losing -2.26 per cent to $35.51. Around 3.78 million shares changed hands so far in this session compared to an-average trading volume of 10.43 million shares. Paypal Holdings Inc (NASDAQ:PYPL) and Xoom Corporation (XOOM) announced that PayPal has completed its previously announced acquisition of Xoom. In accordance with the terms of the acquisition agreement announced on July 1, 2015, PayPal acquired all of the outstanding shares of Xoom for $25 per share in cash.

Xoom will operate as a separate service within PayPal under the continued leadership of John Kunze, who has joined PayPal’s executive staff and will report to PayPal CEO Dan Schulman.

Xoom is a secure, fast and affordable way to send money to, and pay bills for, family and friends around the world, using a mobile phone, tablet or computer. With Xoom, PayPal has access to 1.5 million active U.S. customers that sent approximately $7.1 billion in the 12 months ending on September 30, 2015 to people in 40 countries such as Mexico, India, the Philippines, China and Brazil. Beyond its global reach, Xoom has a loyal, mobile-savvy customer base, with 97 percent of its payment volume coming from repeat users and 60 percent of its active users on mobile.

Will PYPL Get Buyers Even After The Recent Rally? Find Out Here