Shares of VALE S.A. (VALE) Sees Large Inflow of Net Money Flow

VALE S.A. (VALE) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $13.02 million worth of transactions were on upticks, whereas, the downticks accounted for $8.06 million worth of transactions. The net money flow was a positive $4.96 million and the uptick to downtick ratio was 1.62. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 2.64 in their favor. The net money flow into the stock was $4.08 million. The value of block trades done on downticks was only $2.49 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $6.57 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. VALE S.A. (VALE) was trading at $5.31, down $0.01 during day. The stock slid -0.09% over the previous days close. For the week, the stock recorded -1.03% over the previous weeks close.


VALE S.A. (VALE) : The consensus price target for VALE S.A. (VALE) is $5.41 for the short term with a standard deviation of $1.84. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $10, however, the pessimist price target for the company is $3.

VALE S.A. (NYSE:VALE): The stock was completely flat for the day, closing at $5.31 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $5.29, the stock touched an intraday high of $5.32 and a low of $5.11. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $5.31. The total trading volume on Friday was 17,232,900.

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.