Petróleo Brasileiro S.A. – Petrobras ( NYSE:PBR – Get Rating )'s share price fell 3% on Monday . The stock traded as low as $11.49 and last traded at $11.50. 12,448,354 shares changed hands during trading, a decline of 45% from the average session volume of 22,690,113 shares. The stock had previously closed at $11.86. Analyst Upgrades and Downgrades Separately, StockNews.com initiated coverage on shares of Petróleo Brasileiro S.A. – Petrobras in a research report on Thursday, March 16th. They issued a 'buy' rating on the stock.

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