Shares of VALE S.A. (VALE) Sees Large Outflow of Money

VALE S.A. (VALE) : The total money flow in VALE S.A. (VALE) was negative ($2.59 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $14.79 million. Transactions on upticks were comparatively lower at $12.2 million. The uptick to downtick ratio was 0.82. The total block trades done on upticks were valued at $4.93 million. The total block trades on downticks were valued at $7.22 million. The uptick to the downtick ratio of block trades was 0.68. The money flow during block trades was negative ($2.29 million) when the stock traded with a gain of $5 cent. VALE S.A. (VALE) was $5.25, an increase of 0.96% over the previous days close.


Also, Goldman Sachs initiates coverage on VALE S.A. (NYSE:VALE). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm announces the price target at $4.4 per share. The rating by the firm was issued on June 9, 2016.

VALE S.A. (NYSE:VALE): The stock opened at $5.10 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.29 for the day. The stock traded down to $5.05 during the day, due to lack of any buying support eventually closed down at $5.17 with a loss of -0.58% for the day. The stock had closed at $5.20 on the previous day. The total traded volume was 29,301,176 shares.

The stock has recorded a 20-day Moving Average of 3.57% and the 50-Day Moving Average is 12.6%.

Vale S.A. (Vale) is a metals and mining company. The Company is also a producer of iron ore and iron ore pellets, and nickel. The Company also produces manganese ore, ferroalloys, metallurgical and thermal coal, copper, platinum group metals (PGMs), gold, silver, cobalt, potash, phosphates and other fertilizer nutrients. The Company operates through four business segments: Bulk Material, Base metals, Fertilizers and Other. The Bulk Material segment includes the production and extraction of ferrous minerals, and the extraction of coal and its logistic services (railroads, ports and terminals). The Base metals segment produces and extracts non-ferrous minerals. The Fertilizers segment produces three groups of nutrients, such as potash, phosphate and nitrogen. The Other segment includes sales and expenses of other products, services and investments in joint ventures and associate in other businesses.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.