Shares of Gerdau S.A. (GGB) Sees Large Outflow of Money

Gerdau S.A. (GGB) : Thursdays money flow analysis of Gerdau S.A. (GGB) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $2.94 million. In comparison, the inflow of money on upticks was a meager $0.64 million. The dollar value of composite uptick trades minus the downtick trades was negative $2.31 million. The uptick to downtick ratio of 0.22 in the money flow shows weakness. The uptick block trades were valued at $0.34 million. The downtick transaction value was high at $2.48 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.14. Hence, the net money flow in the stock was negative ($2.14 million). Gerdau S.A. (GGB) gained $0.02 at $2.1, a change of 0.72% over the previous days close.

Gerdau

The stock has recorded a 20-day Moving Average of 14.09% and the 50-Day Moving Average is 15.25%. Shares have dropped -10.48% from its 1 Year high price. On Apr 13, 2016, the shares registered one year high at $2.48 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $1.72 and the 200 Day Moving Average price is recorded at $1.50.

Gerdau S.A. (NYSE:GGB): The stock opened at $2.15 on Thursday but the bulls could not build on the opening and the stock topped out at $2.17 for the day. The stock traded down to $2.03 during the day, due to lack of any buying support eventually closed down at $2.04 with a loss of -1.92% for the day. The stock had closed at $2.08 on the previous day. The total traded volume was 8,057,360 shares.

Gerdau S.A. (Gerdau) is a producer of long rolled steel. The Company operates in five segments: Brazil (Brazil Business Operation), which includes the steel operations in Brazil (except special steel) and the metallurgical and coking coal operation in Colombia; North America (North America Business Operation), which includes all North American operations, except Mexico and special steel; Latin America (Latin America Business Operation), which includes all Latin American operations, except the operations in Brazil and the metallurgical and coking coal operations in Colombia; Special Steel (Special Steel Business Operation), which includes the special steel operations in Brazil, Spain, the United States and India, and Iron Ore (Iron Ore Business Operation), which includes the iron ore operations in Brazil. The Companys mills are located in Argentina, Brazil, Canada, Chile, Colombia, Spain, the United States, Guatemala, India, Mexico, Peru, the Dominican Republic, Uruguay and Venezuela.

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