POSCO (PKX) : On Friday, The money flowed into the POSCO (PKX) stock with an uptick to downtick ratio was recorded at 1.36. Transactions worth $1.85 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $1.35 million. The total money flow into the stock was $0.49 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0 million of block transactions on upticks. The total money flow in block trades was $0 million. In terms of price action, POSCO (PKX) traded down $0.07 during the session at $51.33. Compared to the previous days closing, the stock was down only by -0.13%. For the week, the stock is 4.53%, over previous weeks closing.
The company Insiders own 0.01% of POSCO shares according to the proxy statements. Institutional Investors own 6.55% of POSCO shares.
POSCO (NYSE:PKX): The stock opened at $51.78 and touched an intraday high of $52.32 on Friday. During the day, the stock corrected to an intraday low of $51.2, however, the bulls stepped in and pushed the price higher to close in the green at $51.46 with a gain of 0.14% for the day. The total traded volume for the day was 297,696. The stock had closed at $51.39 in the previous trading session.
POSCO (PKX) : Traders are bullish on POSCO (PKX) as it has outperformed the S&P 500 by a wide margin of 4.48% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.28%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.81% in the last 1 week, and is up 4.34% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
POSCO is an integrated steel producer. The Company operates in four segments: steel segment, trading segment, construction segment and others segment. The steel segment includes production of steel products and sale of such products. The trading segment consists of global trading activities of Daewoo International, exporting and importing a range of steel products that are both obtained from and supplied to POSCO, as well as between other suppliers and purchasers in Korea and overseas. The construction segment includes planning, designing and construction of industrial plants, civil engineering projects and commercial and residential buildings, both in Korea and overseas. The others segment includes power generation, Liquefied Natural Gas (LNG) logistics, and network and system integration. The Company is engaged in businesses that complements its steel manufacturing operations, as well as seeks out investment opportunities to diversify its businesses both vertically and horizontally.