Large Outflow of Money Witnessed in Gerdau S.A.

Gerdau S.A. (GGB) : The total negative money flow of $2.97 million on Tuesday indicates selling on strength. The inflow of money on upticks was $1.85 million, compared to $4.81 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.38. The negative money flow of $3 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $1.39 million in a block trade.The transaction value of block trade on downtick was $4.39 million. The uptick to downtick ratio was 0.32. The price action in the Gerdau S.A. (GGB) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $1.99 with a gain of $0.11 , a change of 5.85% over the previous days close. The stock registered 8.15% for the week.


The company Insiders own 0.02% of Gerdau S.A. shares according to the proxy statements. Institutional Investors own 7.35% of Gerdau S.A. shares.

Shares of Gerdau S.A. rose by 12.29% in the last five trading days and 19.64% for the last 4 weeks. Gerdau S.A. has dropped 7.37% during the last 3-month period . Year-to-Date the stock performance stands at 67.5%.

Gerdau S.A. (NYSE:GGB): stock turned positive on Tuesday. Though the stock opened at $1.94, the bulls momentum made the stock top out at $2.04 level for the day. The stock recorded a low of $1.94 and closed the trading day at $2.01, in the green by 6.91%. The total traded volume for the day was 22,141,209. The stock had closed at $1.88 in the previous days trading.

Gerdau S.A. (Gerdau) is a producer of long rolled steel. The Company operates in five segments: Brazil (Brazil Business Operation), which includes the steel operations in Brazil (except special steel) and the metallurgical and coking coal operation in Colombia; North America (North America Business Operation), which includes all North American operations, except Mexico and special steel; Latin America (Latin America Business Operation), which includes all Latin American operations, except the operations in Brazil and the metallurgical and coking coal operations in Colombia; Special Steel (Special Steel Business Operation), which includes the special steel operations in Brazil, Spain, the United States and India, and Iron Ore (Iron Ore Business Operation), which includes the iron ore operations in Brazil. The Companys mills are located in Argentina, Brazil, Canada, Chile, Colombia, Spain, the United States, Guatemala, India, Mexico, Peru, the Dominican Republic, Uruguay and Venezuela.

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