Large Outflow of Money Witnessed in Rio Tinto Plc

Rio Tinto Plc (RIO) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($1.41 million) and the uptick to downtick ratio was 0.92. The transaction value on upticks was $15.26 million and on downticks, the transaction value was $16.67 million. The transaction value of block trades during downticks was $0.85 million. The money flow was negative ($0.85 million), indicating the traders were booking profit on the price strength. Rio Tinto Plc (RIO) rose $0.87 at $33.1, during intraday Wednesday , a rise of 2.7% over the previous days close.

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Shares of Rio Tinto plc rose by 5.31% in the last five trading days and 6.47% for the last 4 weeks. Rio Tinto plc is up 14.22% in the last 3-month period. Year-to-Date the stock performance stands at 22.16%.

Rio Tinto Plc (RIO) : Zacks Investment Research ranks Rio Tinto Plc (RIO) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2, which indicates as a Buy.

Rio Tinto Plc (NYSE:RIO): The stock opened at $32.91 and touched an intraday high of $33.77 on Wednesday. During the day, the stock corrected to an intraday low of $32.67, however, the bulls stepped in and pushed the price higher to close in the green at $33.74 with a gain of 4.69% for the day. The total traded volume for the day was 7,921,118. The stock had closed at $32.23 in the previous trading session.

Rio Tinto plc (Rio Tinto) is a global mining company. Rio Tinto focuses on finding, mining, and processing the Earths mineral resources. The Company operates through five product groups, including aluminum, copper, diamonds and minerals, energy product and iron ore. Its aluminum product group includes business includes bauxite mines, large-scale alumina refineries aluminum smelters. The Companys copper core properties include Rio Tinto Kennecott, Oyu Tolgoi, Escondida and Grasberg. Rio Tinto Kennecott supplies approximately 20% of United States refined copper requirements, and is a mining, concentrating, smelting and refining operations property. Rio Tinto Diamonds is a diamond producer, engaged in mining, manufacturing, selling and marketing diamonds. Rio Tintos Energy product group produces coal and uranium. Rio Tinto operates iron ore portfolio. Exploration joint ventures were established in Canada, the United States, Chile, Mexico and Australia.

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