On Tuesday, Shares of Banco Bradesco SA (ADR) (NYSE:BBD), lost -7.21% to $5.79, as the decline in the Brazilian real drags some U.S. traded Brazil-based stocks into the red Tuesday.
Brazil’s currency, the real, has declined on heightened political turmoil in the country in addition to data showing weakness in China, Brazil’s top trading partner, Bloomberg reports.
“In addition to renewed China concerns, political tensions continue to be a negative factor in Brazil,” Societe Generale emerging markets strategist Bernd Berg told Bloomberg.
The stock attained the volume of 19.75 million shares.
The year-to-date (YTD) performance reflected a -55.91% below last year. During the past month the stock loses -4.84%, bringing three-month performance to -36.91% and six-month performance to -43.49%. The stock holds the market capitalization of $31.11 billion.
Banco Bradesco S.A. provides banking and financial products and services to individuals, companies, and corporations and institutions. The company operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond.
At the end of Tuesday’s trade, Shares of Whiting Petroleum Corp (NYSE:WLL), declined -4.56% to $19.24.
It traded in a range of $19.07 and $20.77, exchanging hands with 9.46 million shares.
The stock is down -41.61% in this year through last close. In the trailing twelve months, net profit margin of the company was -17.00% while gross profit margin was 74.30%.
Whiting Petroleum Corporation’s was up together with oil prices, boosted by positive Chinese import data.
China oil imports rose by 1.4% over the year, seemingly easing investors’ worries about oil demand amid China’s slowing economy, the Wall Street Journal reports.
“China stated very solid commodity imports for September which should assist ease demand fears that have been spreading in the commodity markets since this summer,” said Carsten Menke, Julius Baer’s commodities analyst.
Despite oil futures showing gains, the International Energy Agency recently lowered its forecast for oil demand growth by about 200,000 barrels per day, contrast with its previous estimates. Overall, the market will be cluttered with oil supplies, MarketWatch said.
Whiting Petroleum Corporation, an independent oil and gas company, acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States.
Finally, Shares of Southwest Airlines Co (NYSE:LUV), ended its last trade with -0.97% loss, and closed at $40.82.
Southwest Airlines (LUV) is launching a three-day domestic and international sale offering extra low fares for winter travel—hurry, this sale won’t last long! Customers may take advantage of low domestic fares starting at $49, $99, $129, and $149 one-way to select destinations recently through Thursday, Oct. 15, 2015, 11:59 p.m. in the respective time zone of the originating city. Fares are accessible for travel on nonstop, domestic flights except Fridays and Sundays from Dec. 2 through Dec. 16, 2015, and Jan. 5 through Feb. 10, 2016 (check fare rules below for restrictions and exclusions). There are no blackout dates. Seats are limited. Travel to/from Florida or Nevada is valid only on Tuesdays and Wednesdays. Travel to/from San Juan, Puerto Rico is valid only Mondays through Thursdays and Dec. 2 through Dec. 10, 2015, and Jan. 19 through Feb. 10, 2016.
Customers may also book flights to international destinations with some of Southwest’s low international fares starting at $99 one-way to select destinations recently through Thursday, Oct. 15, 2015, 11:59 p.m. in the respective time zone of the originating city. Fares are accessible for travel on nonstop flights only on Tuesdays and Wednesdays starting Dec. 2 through Dec. 16, 2015, and Jan. 12 through Feb. 10, 2016 (check fare rules for restrictions and exclusions). Seats are limited.
Southwest Airlines Co. operates passenger airlines that provide planned air transportation services in the United States and near-international markets. As of December 31, 2014, it operated 665 Boeing 737 aircraft; and had 12 Boeing 717 aircraft.
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