Constellium N.V. (CSTM) has risen sharply, recording gains of 6.46% in the past 4 weeks. However, the stock has corrected -7.38% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.06% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Constellium N.V is up 7.77% in the last 3-month period. Year-to-Date the stock performance stands at -31.56%. The stock has recorded a 20-day Moving Average of 2.44% and the 50-Day Moving Average is 5.81%.
Constellium N.V. (NYSE:CSTM): The stock opened at $5.55 on Friday but the bulls could not build on the opening and the stock topped out at $5.56 for the day. The stock traded down to $5.24 during the day, due to lack of any buying support eventually closed down at $5.27 with a loss of -5.72% for the day. The stock had closed at $5.59 on the previous day. The total traded volume was 700,271 shares.
Also, Brokerage firm Societe Generale downgrades its rating on Constellium N.V. (NYSE:CSTM). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 20, 2016.
Constellium N.V., formerly Constellium Holdco BV, is a Netherlands-based company, which is engaged in the manufacture of aluminum products and solutions. The Company is a supplier of such sectors as: aerospace, automotive and packaging. The Company offers plates, sheet and coil, precision casting, cockpit carriers for vehicles, vehicle safety components, profiles, as well as tubes and bars, among others. Its main customers include: Airbus, Boeing, Embraer, Audi, BMW, Citroen, Renault, Mercedes Benz, Jaguar and others. The Company is active domestically and abroad, including North America, Europe and Asia.