Noteworthy Price Action: Could Companhia Siderurgica Nacional (ADR) Rise Even More? The Stock Had Another Big Increase Today

Noteworthy Price Action: Could Companhia Siderurgica Nacional (ADR) Rise Even More? The Stock Had Another Big Increase Today

The stock of Companhia Siderurgica Nacional (ADR) (NYSE:SID) is a huge mover today! About 687,479 shares traded hands. Companhia Siderurgica Nacional (ADR) (NYSE:SID) has risen 110.69% since February 29, 2016 and is uptrending. It has outperformed by 98.47% the S&P500.
The move comes after 6 months positive chart setup for the $4.08B company. It was reported on Oct, 3 by Barchart.com. We have $4.23 PT which if reached, will make NYSE:SID worth $1.88 billion more.

Analysts await Companhia Siderurgica Nacional (ADR) (NYSE:SID) to report earnings on November, 11.

According to Zacks Investment Research, “CIA SIDERUR-ADR, through the combining of its own mines, steel mill, railroads, ports and service and distribution centers within the scope of its operations, makes them the largest integrated steel-making complex in Latin America. Leader of the Brazilian steel industry, the company has the capacity to produce 5 million tonnes a year of crude steel.”

SID Company Profile

Companhia Siderurgica Nacional, incorporated on April 9, 1941, operates throughout the entire steel production chain, from the mining of iron ore to the production and sale of a range of steel products, including coated galvanized flat steel and tinplate. The Firm operates through five divisions: steel, mining, cement, logistics and energy. The Company’s steel sales are focused on the domestic market.

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