Large Outflow of Money Witnessed in ArcelorMittal

ArcelorMittal (MT) : Money flow in the ArcelorMittal (MT) stock was negative (5.68 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $10.16 million, compared to $15.84 million on downticks. The total uptick to downtick ratio was 0.64, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($5.38 million), indicating selling on the strength. The transaction value during uptick in block trades was $1.91 million. Downtick transaction value in block trades amounted to $7.29 million, indicating persistent selling. The uptick to downtick ratio was 0.26. ArcelorMittal (MT) traded $0.34 higher at $5.61 gaining 6.45% over the previous days close.


The company Insiders own 0.06% of ArcelorMittal shares according to the proxy statements. Institutional Investors own 4.21% of ArcelorMittal shares.

Shares of ArcelorMittal rose by 19.07% in the last five trading days and 6.24% for the last 4 weeks. ArcelorMittal is up 8.29% in the last 3-month period. Year-to-Date the stock performance stands at 33.18%.

ArcelorMittal (NYSE:MT): stock turned positive on Tuesday. Though the stock opened at $5.54, the bulls momentum made the stock top out at $5.66 level for the day. The stock recorded a low of $5.54 and closed the trading day at $5.62, in the green by 6.64%. The total traded volume for the day was 32,972,350. The stock had closed at $5.27 in the previous days trading.

ArcelorMittal SA (ArcelorMittal) is a holding company. The Company is a steel and mining company, which operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The Company produces a range of finished and semi-finished steel products. Specifically, it produces flat steel products, including sheet and plate, and long steel products, including bars, rods and structural shapes. In addition, the Company produces pipes and tubes for various applications. The Company also produces various types of mining products, including iron ore lump, fines, concentrate and sinter feed, as well as coking, pulverized coal injection (PCI) and thermal coal. The Companys subsidiaries include ArcelorMittal Dofasco Inc., ArcelorMittal Montreal Inc., ArcelorMittal Point Lisas Ltd., ArcelorMittal Belgium N.V. and ArcelorMittal South Africa Ltd., among others.

Leave a Reply

Get Pre-Market Alerts!

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