Shares of Rio Tinto Plc (RIO) Sees Large Outflow of Money

Rio Tinto Plc (RIO) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($0.95 million) and the uptick to downtick ratio was 0.43. The transaction value on upticks was $0.73 million and on downticks, the transaction value was $1.68 million. The transaction value of block trades during downticks was $0.91 million. The money flow was negative ($0.91 million), indicating the traders were booking profit on the price strength. Rio Tinto Plc (RIO) rose $0.52 at $31.41, during intraday Thursday , a rise of 1.68% over the previous days close.


Rio Tinto Plc (RIO) : The highest short term price target forecast on Rio Tinto Plc (RIO) is $35 and the lowest target price is $25. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $31.07 with a standard deviation of $5.18. The stock has recorded a 20-day Moving Average of 2.72% and the 50-Day Moving Average is 2.14%.

Rio Tinto Plc (NYSE:RIO): The stock opened at $31.33 on Thursday but the bulls could not build on the opening and the stock topped out at $31.46 for the day. The stock traded down to $30.09 during the day, due to lack of any buying support eventually closed down at $30.28 with a loss of -1.97% for the day. The stock had closed at $30.89 on the previous day. The total traded volume was 4,288,740 shares.

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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