Shares of Tenaris S.A. (TS) Rally 1.78%

Tenaris S.A. (TS) has been under a strong bear grip, hence the stock is down -3.34% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.28% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.78% in the last 1 week, and is up 0.88% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 1.15% and the 50-Day Moving Average is 5.36%.

Tenaris S.A. (NYSE:TS): The stock opened at $28.33 on Friday but the bulls could not build on the opening and the stock topped out at $28.64 for the day. The stock traded down to $28.32 during the day, due to lack of any buying support eventually closed down at $28.58 with a loss of -0.31% for the day. The stock had closed at $28.67 on the previous day. The total traded volume was 1,668,063 shares.


The company Insiders own 0.2% of Tenaris S.A. shares according to the proxy statements. Institutional Investors own 16.36% of Tenaris S.A. shares.

Tenaris S.A is a holding company, which is engaged in the steel pipe manufacturing and distribution businesses. The Company produces and sells both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products. It operates in geographical areas, which include North America, South America, Europe, Middle East, Africa, and Far East and Oceania. Its principal finished products are seamless and welded steel casing and tubing, line pipe and other mechanical and structural steel pipes for different uses. It also manufactures sucker rods used in oil extraction activities, industrial equipment of various specifications and applications, including liquid and gas storage equipment, and welded steel pipes for electric conduits used in the construction industry.

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