Ryerson Holding Corporation (RYI) : During the past 4 weeks, traders have been relatively bearish on Ryerson Holding Corporation (RYI), hence the stock is down -39.45% 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 -19.79% relative to the S&P 500. The 4-week change in the price of the stock is -38.83% and the stock has fallen -19.75% in the past 1 week.
The stock has recorded a 20-day Moving Average of 20.78% and the 50-Day Moving Average is 25.77%. Ryerson Holding Corporation (NYSE:RYI): On Fridays trading session , Opening price of the stock was $13 with an intraday high of $13.23. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $11.3. However, the stock managed to close at $11.58, a loss of 13.06% for the day. On the previous day, the stock had closed at $13.32. The total traded volume of the day was 1,502,338 shares.
The company Insiders own 0.9% of Ryerson Holding Corporation shares according to the proxy statements. Institutional Investors own 28.94% of Ryerson Holding Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 11.55%. Also, JP Morgan maintains its rating on Ryerson Holding Corporation (NYSE:RYI). The global brokerage major raises the current price target from $11 per share to $13 per share. Analysts at the JP Morgan have a current rating of Neutral on the shares. The rating by the firm was issued on August 11, 2016.
Ryerson Holding Corporation (Ryerson Holding) is a service center company for carbon and stainless steel, as well as aluminum. The Company process and distribute a full line of over 70,000 products in stainless steel, aluminum, carbon steel and alloy steels and a limited line of nickel and red metals in various shapes and forms. The Companys operations cover a range of industries, including industrial equipment manufacturing, industrial fabrication, electrical machinery production, transportation equipment manufacturing, heavy equipment manufacturing and oil and gas. The Company is a processor and distributor of metals with operations located in North America, China and Brazil. It operates over 90 facilities across North America, six facilities in China and one facility in Brazil.