The stock of Companhia Siderurgica Nacional (ADR) (NYSE:SID) is a huge mover today! The stock increased 8.82% or $0.3 on November 22, hitting $3.7. About 6.04M shares traded hands or 116.49% up from the average. Companhia Siderurgica Nacional (ADR) (NYSE:SID) has declined 10.05% since April 20, 2016 and is downtrending. It has underperformed by 14.61% the S&P500.
The move comes after 7 months positive chart setup for the $5.44B company. It was reported on Nov, 22 by Barchart.com. We have $4.03 PT which if reached, will make NYSE:SID worth $489.60M more.
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.”
Another recent and important Companhia Siderurgica Nacional (ADR) (NYSE:SID) news was published by Quotes.Wsj.com which published an article titled: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011.
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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