Luxembourg headquartered ArcelorMittal's shares saw a drop of 1.19% and finished Tuesday's trading session at $7.47. A total volume of 30.27 million shares was traded, which was above their three months average volume of 17.86 million shares. The stock has advanced 13.70% in the past month, 25.34% in the previous three months, and 77.01% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 14.00% and 35.07%, respectively. Moreover, shares of ArcelorMittal, which together with its subsidiaries, operates as an integrated steel and mining company worldwide, have a Relative Strength Index (RSI) of 62.60.
On November 17th, 2016, ArcelorMittal, Evonik, LafargeHolcim, and Solvay announced the formation of a new Low Carbon Technology Partnerships Initiative across the steel, cement, and chemicals industries. This new partnership will look at the potential synergies that exist between the manufacturing processes of these three energy intensive sectors, and how these synergies could be harnessed to reducing CO2 emissions.
On November 25th, 2016, research firm RBC Capital Markets upgraded the Company's stock rating from 'Sector Perform' to 'Outperform'. Sign up and read the free research report on MT at:
United States Steel
On Tuesday, shares in Pittsburgh, Pennsylvania headquartered United States Steel Corp. recorded a trading volume of 25.77 million shares, which was higher than their three months average volume of 18.89 million shares. The stock ended the session 3.14% lower at $31.16. The Company's shares have surged 61.76% in the last one month, 60.10% over the previous three months, and 295.75% since the start of this year. The stock is trading 46.67% and 70.41% above its 50-day and 200-day moving averages, respectively. Furthermore, shares of United States Steel, which produces and sells flat-rolled and tubular steel products in North America and Europe, have an RSI of 72.05.
On November 01st, 2016, United States Steel announced that it has agreed to proposed terms with Bedrock Industries Group LLC regarding the sale and transition of ownership of U.S. Steel Canada, Inc. to Bedrock. The transaction is subject to satisfactory completion of customary definitive documentation and requisite court and other approvals.
Yesterday, research firm Argus downgraded the Company's stock rating from 'Buy' to 'Hold'. The complimentary research report on X can be downloaded at:
Shares in Emeryville, California headquartered Amyris Inc. closed the day at $0.90, dropping 6.45%. The stock recorded a trading volume of 3.53 million shares. The Company's shares have gained 119.05% in the previous three months. The stock is trading 15.02% above its 50-day moving average and 19.42% above its 200-day moving average. Additionally, shares of Amyris, which provides various alternatives to a range of petroleum-sourced products worldwide, have an RSI of 57.70.
On November 16th, 2016, Amyris announced that just months after initiating a collaboration with one of the world's leading pharmaceutical companies, it has successfully achieved the first milestone under the agreement. This milestone resulted in the creation of a robust, sensitive activity assay for an oncology target in a live yeast strain. This high-throughput assay enables screening for chemical diversity found in nature using Amyris' proprietary µPharm™ platform, with the potential to provide previously inaccessible molecule targets. Register for free on Stock-Callers.com and access the latest report on AMRS at:
At the closing bell yesterday, shares in London, UK-based LyondellBasell Industries N.V. ended 2.17% lower at $83.72. A total volume of 4.25 million shares was traded, which was above their three months average volume of 3.11 million shares. The stock has advanced 5.32% in the last one month and 5.77% in the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 4.51% and 5.21%, respectively. Furthermore, shares of LyondellBasell Industries, which operates as a manufacturer of chemicals and polymers, refiner of crude oil, producer of gasoline blending components, and developer and licensor of technologies for production of polymers, have an RSI of 56.81.
On November 18th, 2016, LyondellBasell announced that its Supervisory Board has authorized its Management Board to declare an interim dividend of $0.85 per share. The dividend will be paid December 13th, 2016 to shareholders of record November 29th, 2016. Get free access to your research report on LYB at:
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