National Steel Company (SID) Shares are Down -14.47%

National Steel Company (SID) : During the past 4 weeks, traders have been relatively bearish on National Steel Company (SID), hence the stock is down -21.37% 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 -13.9% relative to the S&P 500. The 4-week change in the price of the stock is -21.53% and the stock has fallen -14.47% in the past 1 week.

The shares have received a consensus rating of Sell for the current week The stock has recorded a twenty day Moving Average of 17.03% and the fifty day Moving Average is 9.42%. Companhia Siderurgica Nacional is up 46.15% in the last three month period. Year-to-Date the stock performance stands at 171.43%.


National Steel Company (NYSE:SID): On Fridays trading session , Opening price of the stock was $2.77 with an intraday high of $2.86. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $2.605. However, the stock managed to close at $2.66, a loss of 1.85% for the day. On the previous day, the stock had closed at $2.71. The total traded volume of the day was 2,034,900 shares.

Companhia Siderurgica Nacional (CSN) is a Brazil-based company primarily engaged in the steel industry. The Company divides its business into five segments: Steel sector, which is involved in the production, distribution and marketing of flat steel, galvanized steel and metal packaging; Mining sector, which is active in the production of iron ore; Cement sector, which is involved in the manufacture of cement, as well as in the exploration of limestone and dolomite; Logistics sector, which consists of around two railway companies and a hub port, and Energy sector, which includes investments in energy generation projects to guarantee the Companys self-sufficiency. The Company operates through subsidiaries, such as Companhia Metalurgica Prada, Sepetiba Tecon SA, Florestal Nacional SA, CSN Energia SA, Transnordestina Logistica SA, Estanho de Rondonia SA and CSN Cimentos SA, among others.

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