Home / Street Sector / Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) Confirms CEO Aldemir Bendine Resigned- Mitsubishi UFJ Financial (NYSE:MTU), Cavium (NASDAQ:CAVM)

Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) Confirms CEO Aldemir Bendine Resigned- Mitsubishi UFJ Financial (NYSE:MTU), Cavium (NASDAQ:CAVM)

Shares of Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of -3.60% to close at $5.63. Petrobras Brasileiro confirmed CEO Aldemir Bendine resigned (PBR). In light of the resignation presented, the Board of Directors held an extraordinary meeting, in which elected engineer Pedro Pullen Parente as Petrobras’ Board member. The Board, at the same meeting, also elected Mr. Pedro Parente to the position of CEO of the Company from 05.31.2016 and appointed the Human Resources, HSE and Services Officer Hugo Repsold Jnior to exercise the responsibilities of the CEO on an interim basis. PBR, experts calculate Return on Investment of -1.00%. The stock is going forward its fifty-two week low with 107.75% and lagging behind from its 52-week high price with -42.08%. PBR last month stock price volatility remained 6.32%.

Mitsubishi UFJ Financial Group, Inc. (NYSE:MTU) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -0.41% to 4.91 with around 1.57 Million shares have changed hands in this session. Bank of Tokyo-Mitsubishi UFJ Ltd, Mitsubishi UFJ Financial Group Inc’s (MTU) banking arm, said it promoted Masahiro Kuwahara as chief executive, EMEA region. Kuwahara, formerly deputy CEO for EMEA, will take over from Masato Miyachi, effective immediately. Kuwahara has more than 30 years of work experience in banking, across Asia, USA and EMEA. He will be based in London and report to Eiichi Yoshikawa, co-chief executive of the bank’s global business unit. Masato Miyachi will take on the role of deputy regional executive for the Americas. The stock is going forward its fifty-two week low with 27.20% and lagging behind from its 52-week high price with -34.79%.

Likewise the positive performance for the quarter recorded as 12.10% and for the year was -34.62%, while the YTD performance remained at -21.06%. MTU has Average True Range for 14 days of 0.11.

Cavium, Inc. (NASDAQ:CAVM) [Trend Analysis] retains strong position in active trade, as shares scoring 2.14% to $49.75 in a active trade session, while looking at the shares volume, around 1.31 Million shares have changed hands in this session. Cavium, Inc. (CAVM) released that showcased CloudScale Rack solution that demonstrates a complete cloud data center enabled using customer platforms built on Cavium’s product portfolio. The data center platforms are built using legacy building blocks that evolved over time and are unable to address the growing complexity and scale of current data centers. Servers are not Workload Optimized. They use legacy one-size-fits all processors and require NICs, HBAs and offload cards to meet the storage and virtualization needs of data centers. CAVM attains analyst recommendation of 1.70 with week’s performance of 5.16%. Investors looking further ahead will note that the Price to next year’s EPS is 52.38%.

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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