On Tuesday, Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), gained 6.30% to $5.57, after a hike in oil prices was caused by higher tensions in the Middle East and a rise in gasoline futures.
Middle East tensions raised this morning after Turkey shot down a Russian fighter jet, Reuters reports.
High expectations for traveling this Thanksgiving weekend pushed gasoline futures up by 6%.
“Ultimately, we still see a drop to around $37.75, but such a development is not predictable until the market gets through the OPEC meeting at the end of next week and when increasingly bearish global supply balances places additional pressure on the WTI curve,” Ritterbusch & Associates’ Jim Ritterbusch told Reuters.
Petróleo Brasileiro S.A. Petrobras 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.
Shares of Peregrine Pharmaceuticals, Inc. (NASDAQ:PPHM), inclined 6.09% to $1.22, during its last trading session.
Peregrine Pharmaceuticals declared that the company will take part in two forthcoming life science investor conferences being held in New York during the month of December. Steven W. King, president and chief executive officer, will take part in a panel negotiation focused on cancer immunotherapy at Piper Jaffray’s 27th Annual Healthcare Conference. Additionally, the company will be one of only 16 life science companies attending Roth Capital Partners’ Immuno-Oncology Corporate Access Day.
Peregrine Pharmaceuticals, Inc., a biopharmaceutical company, researches and develops monoclonal antibodies for the treatment and diagnosis of cancer in the United States and internationally.
Finally, Shares of Baozun Inc. (NASDAQ:BZUN), ended its last trade with 11.42% surge, and closed at $8.88.
Baozun, declared its unaudited financial results for the third quarter ended September 30, 2015.
Third Quarter 2015 Financial Highlights
Total net revenues were RMB587.6 million (US$92.5 million), an improvement of 57.9% year-over-year.
Net income was RMB7.2 million (US$1.1 million), a noteworthy improvement from a net loss of RMB72.4 million during the same period last year.
Non-GAAP net income1 was RMB11.9 million (US$1.9 million), an improvement of 108.3% year-over-year.
Basic and diluted non-GAAP net income attributable to ordinary shareholders per American Depository Share2 (“ADS3”) were RMB0.24 (US$0.04) and RMB0.22 (US$0.03), respectively, contrast with basic and diluted non-GAAP net loss attributable to ordinary shareholders per ADS of RMB3.09 and RMB3.09, respectively, for the same period of 2014.
Baozun Inc. provides e-commerce solutions for brand partners in the People’s Republic of China. It offers end-to-end e-commerce solutions, counting IT infrastructure setup and integration, online store design and setup, visual merchandizing and marketing campaigns, store operations, customer services, warehousing, and order fulfillment.
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