ArcelorMittal (MT) : During the past 4 weeks, traders have been relatively bearish on ArcelorMittal (MT), hence the stock is down -6.55% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.77% relative to the S&P 500. The 4-week change in the price of the stock is -6.75% and the stock has fallen -4.4% in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3.81% and the fifty day Moving Average is 7.19%. ArcelorMittal is up 28.81% in the last three month period. Year-to-Date the stock performance stands at 44.08%.
ArcelorMittal (MT) : Average target price received by ArcelorMittal (MT) is $7.63 with an expected standard deviation of $1.12. The most aggressive target on the stock is $9, whereas the most downbeat target is $6. 5 financial analysts are currently covering the stock.
ArcelorMittal (NYSE:MT): On Fridays trading session , Opening price of the stock was $6.26 with an intraday high of $6.44. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $6.02. However, the stock managed to close at $6.08, a loss of 2.09% for the day. On the previous day, the stock had closed at $6.21. The total traded volume of the day was 24,770,777 shares.
ArcelorMittal SA (ArcelorMittal) is a holding company. The Company is a steel and mining company, which operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The Company produces a range of finished and semi-finished steel products. Specifically, it produces flat steel products, including sheet and plate, and long steel products, including bars, rods and structural shapes. In addition, the Company produces pipes and tubes for various applications. The Company also produces various types of mining products, including iron ore lump, fines, concentrate and sinter feed, as well as coking, pulverized coal injection (PCI) and thermal coal. The Companys subsidiaries include ArcelorMittal Dofasco Inc., ArcelorMittal Montreal Inc., ArcelorMittal Point Lisas Ltd., ArcelorMittal Belgium N.V. and ArcelorMittal South Africa Ltd., among others.