BHP Billiton plc (BBL) has risen sharply, recording gains of 3.2% in the past 4 weeks. However, the stock has corrected -7.16% in the past 1 week, providing a good buying opportunity on dips. BHP Billiton plc (BBL) : During the past 4 weeks, traders have been relatively bearish on BHP Billiton plc (BBL), hence the stock is down -3.33% 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 -7.73% relative to the S&P 500.
BHP Billiton plc (NYSE:BBL): The stock opened at $24.70 on Friday but the bulls could not build on the opening and the stock topped out at $24.75 for the day. The stock traded down to $24.30 during the day, due to lack of any buying support eventually closed down at $24.51 with a loss of -1.49% for the day. The stock had closed at $24.88 on the previous day. The total traded volume was 1,438,484 shares.
The stock has recorded a 20-day Moving Average of 2.55% and the 50-Day Moving Average is 0.68%. BHP Billiton plc has dropped 13.79% during the last 3-month period . Year-to-Date the stock performance stands at 9.71%.
BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas. The Company operates through segments, including Petroleum and Potash, Copper, Iron Ore and Coal. The Companys Petroleum and Potash segment is engaged in exploration, development and production of oil and gas and potash pre-development. The Copper segment is engaged in mining of copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment is engaged in mining of iron ore. The Coal segment is engaged in mining of metallurgical coal and thermal (energy) coal.