A Look at Five Stocks on the Move on Thursday

Petrobras Says Political Influence Over the Company Has Ended

With Pedro Parente having officially become Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)‘s CEO at the beginning of June, Parente recently has said that the previous political meddling in the organization is a thing of the past. Fuel pricing will now be made based on economic reasons and the company will do its best to pay down debt by selling assets. If Petrobras can successfully dissociate itself from the corruption and strife that seems widespread in Brazil, the development would be bullish for shares in the long run. Despite the statement, shares of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) opened lowered by have rebounded to around 1.55% in the green. Ken Fisher’s Fisher Asset Management owned around 10.5 million shares at the end of March.

SouFun Reports Mixed Results

Leading Chinese real estate Internet portal SouFun Holdings Ltd (NYSE:SFUN) is 4.6% in the green after the company reported a loss of $0.23 per share on revenue of $204.6 million for its first quarter, missing the bottom-line estimate by $0.12 per share and beating the top-line by $13.55 million. Sales rose 62.4% year-over-year as sales from e-commerce services jumped 154% year-over-year. GMV rose 664% to $12.7 billion year-over-year. For 2016, management sees revenue of $1.06 billion to $1.148 billion, representing 20% to 30% year-over-year revenue growth. Overall, 18 funds from our database held slightly over 10% of SouFun Holdings Ltd (NYSE:SFUN)’s float at the end of the first quarter.

Qlik Technologies To Be Acquired

Qlik Technologies Inc (NASDAQ:QLIK) is trading 4% higher after private equity firm Thoma Bravo agreed to buy Qlik for $30.50 in cash per share, for a total value of around $3 billion. The transaction was unanimously approved by Qlik’s board of directors and is expected to close in the third quarter of 2016. A total of 31 funds own shares of Qlik Technologies Inc (NASDAQ:QLIK), according to the latest round of 13F filings.

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