NEW YORK, October 5, 2017 /PRNewswire/ --
If you want a Stock Review on MT, CMC, SID, or NUE then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. For today, DailyStockTracker.com turns to the following equities to see how they have fared over the past trading sessions: ArcelorMittal (NYSE: MT), Commercial Metals Co. (NYSE: CMC), Companhia Siderurgica Nacional (NYSE: SID), and Nucor Corp. (NYSE: NUE). These companies operate in the Steel and Iron industry, which covers the manufacture of steel into basic shapes and forms that then can be used to create products. Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at: http://dailystocktracker.com/register/
On Wednesday, shares in Luxembourg headquartered ArcelorMittal recorded a trading volume of 2.51 million shares. The stock ended the day at $26.50, declining 0.67% from the last trading session. The Company's shares have advanced 14.82% in the previous three months and 21.00% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.76% and 8.46%, respectively. Furthermore, shares of ArcelorMittal, which together with its subsidiaries, owns and operates steel manufacturing and mining facilities, have a Relative Strength Index (RSI) of 50.95.
On September 22nd, 2017, research firm Cowen downgraded the Company's stock rating from 'Outperform' to 'Market Perform' while revising its previous target price from $32 a share to $27 a share.
On September 28th, 2017, ArcelorMittal announced the launch of its tender offers to purchase for cash, for a combined aggregate purchase price of up to $1,250,000,000, its outstanding 6.250% notes due 2022 (CUSIP 03938LAX2/ISIN US03938LAX29); 6.750% notes due 2041 (CUSIP 03938LAS3/ISIN US03938LAS34); and 7.000% notes due 2039 (CUSIP 03938LAP9/ISIN US03938LAP94). Sign up and read the free research report on MT at: http://dailystocktracker.com/registration/?symbol=MT
Irving, Texas headquartered Commercial Metals Co.'s stock saw a slight drop of 0.62%, finishing yesterday's session at $19.13 with a total trading volume of 940,367 shares. The Company's shares have gained 1.11% in the last month. The stock is trading above its 50-day moving average by 3.75%. Additionally, shares of Commercial Metals, which manufactures, recycles, and markets steel and metal products, and related materials and services in the US and internationally, have an RSI of 57.30.
On September 07th, 2017, research firm Macquarie initiated an 'Underperform' rating on the Company's stock.
On September 26th, 2017, Commercial Metals, in conjunction with its Q4 earnings release, announced that it will host a conference call on October 26th, 2017, at 11:00 a.m. ET with Barbara Smith, President and CEO, and Mary Lindsey, Senior Vice President and CFO. The teleconference will be webcast and available on the Company's website. The complimentary research report on CMC can be downloaded at: http://dailystocktracker.com/registration/?symbol=CMC
Companhia Siderurgica Nacional
Shares in Sao Paulo, Brazil headquartered Companhia Siderurgica Nacional ended the session flat at $3.37. The stock recorded a trading volume of 4.39 million shares, which was above its three months average volume of 2.76 million shares. The Company's shares have gained 10.49% in the last one month, 61.24% over the previous three months, and 4.33% on an YTD basis. The stock is trading 19.55% above its 50-day moving average and 17.82% above its 200-day moving average. Moreover, shares of the Company, which operates as an integrated steel producer in Brazil, have an RSI of 61.81.
On September 07th, 2017, research firm Credit Suisse upgraded the Company's stock rating from 'Underperform' to 'Neutral'. Register for free on DailyStockTracker.com and access the latest report on SID at:http://dailystocktracker.com/registration/?symbol=SID
At the closing bell on Wednesday, Charlotte, North Carolina-based Nucor Corp.'s stock rose 0.27%, finishing at $56.11. A total volume of 2.12 million shares was traded. The Company's shares have gained 2.41% in the last month. The stock is trading 0.91% above its 50-day moving average. Additionally, shares of Nucor, which manufactures and sells steel and steel products in the US and internationally, have an RSI of 55.44.
On September 15th, 2017, Nucor announced that its board of directors approved a steel bar micro mill project and announced that the Company is considering five states in the Midwest and Southeast for the project. The states being considered include Nebraska, Kansas, Missouri, South Carolina, and Florida. The Board of Directors also approved the expansion of the Company's existing merchant bar operations in either Illinois or Ohio.
On October 02nd, 2017, research firm Longbow downgraded the Company's stock rating from 'Buy' to 'Neutral'. Get free access to your research report on NUE at: http://dailystocktracker.com/registration/?symbol=NUE
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