National Steel Company (SID) Shares are Down -7.44%

National Steel Company (SID) : During the past 4 weeks, traders have been relatively bearish on National Steel Company (SID), hence the stock is down -7.24% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -7.41% relative to the S&P 500. The 4-week change in the price of the stock is -6.89% and the stock has fallen -7.44% in the past 1 week.

Companhia Siderurgica Nacional is up 49.52% in the last 3-month period. Year-to-Date the stock performance stands at 217.35%. The stock has recorded a 20-day Moving Average of 6.98% and the 50-Day Moving Average is 8.89%.


National Steel Company (NYSE:SID): The stock was completely flat for the day, closing at $3.11 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $3.09, the stock touched an intraday high of $3.15 and a low of $3.03. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $3.11. The total trading volume on Friday was 1,511,092.

Companhia Siderurgica Nacional (CSN) is a Brazil-based company primarily engaged in the steel industry. The Company divides its business into five segments: Steel sector, which is involved in the production, distribution and marketing of flat steel, galvanized steel and metal packaging; Mining sector, which is active in the production of iron ore; Cement sector, which is involved in the manufacture of cement, as well as in the exploration of limestone and dolomite; Logistics sector, which consists of around two railway companies and a hub port, and Energy sector, which includes investments in energy generation projects to guarantee the Companys self-sufficiency. The Company operates through subsidiaries, such as Companhia Metalurgica Prada, Sepetiba Tecon SA, Florestal Nacional SA, CSN Energia SA, Transnordestina Logistica SA, Estanho de Rondonia SA and CSN Cimentos SA, among others.

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