On Monday, Shares of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR), added 3.23% and closed at $10.87 in the last trading session. The last trading range of the stock ranges between $10.75 and $10.97. The company’s Market capitalization is $68.65 Billion with the total Outstanding Shares of 7.44 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $2.71 and reached to max level of $10.97. 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. The companys Refining, Transportation and Marketing segment is involved in the refining, logistics, transport, and trading of crude oil and oil products, in addition to exports ethanol and invests in petrochemical companies. This segment also engages in the extraction and processing of shale. The companys Gas and Power segment engages in the transportation and trade of natural gas and liquid natural gas; generation and trade of electricity; holding interests in natural gas transportation and distribution, and thermoelectric power plants; and fertilizer business. Its Biofuels segment is involved in the production of biodiesel and its co-products, in addition to in the investment, production, and trading of ethanol, sugar, and the electric power generated from sugarcane bagasse.
GoPro Inc (NASDAQ:GPRO), DROPPED -4.16% and closed at $15.66 in the last trading session. The last trading range of the stock ranges between $15.65 and $16.50. The company’s Market capitalization is $2.13 Billion with the total Outstanding Shares of 102.94 Million. During the 52-week trading session the minimum price at which share price traded, registered at $8.62 and reached to max level of $31.33. The Shareholders Foundation, Inc. declares that a lawsuit is pending in California on behalf of certain shareholders who purchased shares of GoPro Inc (GPRO) over alleged Securities Laws Violations by GoPro Inc.
On January 13, 2016 a lawsuit was filed against GoPro over alleged securities laws violations. The plaintiff claims that the defendants failed to disclose that the Company was experiencing weak sales of its HERO line of cameras throughout the Class Period, that that the Company was experiencing weak HERO4 Session sales at the time the third Quarter guidance was declared, that the Company’s third quarter 2015 guidance was based on the assumption that GoPro would be able to sell a noteworthyadditional amount of HERO4 Session cameras, that the Company’s third and fourth quarter 2015 guidance was inflated and unrealistic, and that, as a result of the foregoing, Defendants’ statements about GoPro’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. On June 21 and July 28, 2016 amended complaints were filed and on September 26, 2016 the defendants filed their motion to dismiss the case.
Those who purchased shares of GoPro Inc (GPRO) following the Company’s June 26, 2014 initial public offering via the Loyal3 program and suffered a financial loss have certain options and should contact the Shareholders Foundation.