Company Shares of Southern Copper Corporation (NYSE:SCCO) Drops by -2.53%

Southern Copper Corporation (NYSE:SCCO) : During the past 4 weeks, traders have been relatively bearish on Southern Copper Corporation (NYSE:SCCO), hence the stock is down -2.35% 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 -0.77% and the stock has fallen -2.53% in the past 1 week.

The company shares have dropped -12.11% from its 1 Year high price. On Apr 28, 2016, the shares registered one year high at $31.31 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $26.36 and the 200 Day Moving Average price is recorded at $26.40.

The stock has recorded a 20-day Moving Average of 1.9% and the 50-Day Moving Average is 4.58%.


Southern Copper Corporation (NYSE:SCCO): stock turned positive on Friday. Though the stock opened at $25.65, the bulls momentum made the stock top out at $25.99 level for the day. The stock recorded a low of $25.57 and closed the trading day at $25.77, in the green by 1.90%. The total traded volume for the day was 1,188,158. The stock had closed at $25.29 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Southern Copper Corp/, Rocha Oscar Gonzalez, had purchased 8,000 shares in a transaction dated on November 27, 2015. The transaction was executed at $25.91 per share with total amount equaling $207,280.

Southern Copper Corporation is a copper producer. The Company produces copper, molybdenum, zinc and silver. The Company operates in three segments: Peruvian operations, Mexican open-pit operations and Mexican IMMSA unit. Peruvian operations segment includes the Toquepala and Cuajone mine complexes and the smelting and refining plants, including a precious metals plant industrial railroad and port facilities that service both mines. Mexican open-pit operations segment includes the La Caridad and Buenavista mine complexes and the smelting and refining plants, including a precious metals plant and a copper rod plant and support facilities that service both mines. Mexican IMMSA unit segment includes five underground mines. Its operations include open-pit and underground mining, concentrating, copper smelting, copper refining, copper rod production, solvent extraction/electrowinning, zinc refining, sulfuric acid production, molybdenum concentrate production and silver and gold refining.

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