Rio Tinto Plc (RIO) : During the past 4 weeks, traders have been relatively bearish on Rio Tinto Plc (RIO), hence the stock is down -4.79% 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 -1.8% relative to the S&P 500. The 4-week change in the price of the stock is -4.92% and the stock has fallen -1.3% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.11% and the 50-Day Moving Average is 0.96%.The 200 Day SMA reached 8.18%. Rio Tinto plc is up 5.81% in the last 3-month period. Year-to-Date the stock performance stands at 12.71%.
Rio Tinto Plc (NYSE:RIO): After opening at $31.39, the stock dipped to an intraday low of $30.7 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $31.43 and the buying power remained strong till the end. The stock closed at $31.13 for the day, a gain of 1.14% for the day session. The total traded volume was 5,074,758. The stocks close on the previous trading day was $30.78.
Rio Tinto plc (Rio Tinto) is a global mining company. Rio Tinto focuses on finding, mining, and processing the Earths mineral resources. The Company operates through five product groups, including aluminum, copper, diamonds and minerals, energy product and iron ore. Its aluminum product group includes business includes bauxite mines, large-scale alumina refineries aluminum smelters. The Companys copper core properties include Rio Tinto Kennecott, Oyu Tolgoi, Escondida and Grasberg. Rio Tinto Kennecott supplies approximately 20% of United States refined copper requirements, and is a mining, concentrating, smelting and refining operations property. Rio Tinto Diamonds is a diamond producer, engaged in mining, manufacturing, selling and marketing diamonds. Rio Tintos Energy product group produces coal and uranium. Rio Tinto operates iron ore portfolio. Exploration joint ventures were established in Canada, the United States, Chile, Mexico and Australia.