ArcelorMittal (MT) : During the past 4 weeks, traders have been relatively bearish on ArcelorMittal (MT), hence the stock is down -12.86% 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 -7.67% relative to the S&P 500. The 4-week change in the price of the stock is -14.62% and the stock has fallen -7.18% in the past 1 week.
The stock has recorded a 20-day Moving Average of 10.45% and the 50-Day Moving Average is 9.25%.The 200 Day SMA reached 12.03% ArcelorMittal is up 6.89% in the last 3-month period. Year-to-Date the stock performance stands at 28.67%.
ArcelorMittal (MT) : 5 investment research analysts covering ArcelorMittal (MT) have an average price target of $7.63 for the near short term. The highest target price given by the Brokerage Firm to the stock is $9 and the lowest target is $6 for the short term. Analysts expect the variance to be within $1.12 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. ArcelorMittal (NYSE:MT): stock was range-bound between the intraday low of $5.38 and the intraday high of $5.49 after having opened at $5.47 on Fridays session. The stock finally closed in the red at $5.47, a loss of -3.21%. The stock remained in the red for the whole trading day. The total traded volume was 18,369,433 shares. The stock failed to cross $5.49 in Fridays trading. The stocks closing price on Thursday was $5.43.
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.