Companhia Siderurgica Nacional
At the close on Tuesday, shares in Sao Paulo, Brazil headquartered Companhia Siderurgica Nacional rose 0.57%, ending the day at $3.53. The stock recorded a trading volume of 2.95 million shares, which was above its three months average volume of 2.62 million shares. The Company's shares have advanced 18.46% in the last one month, 22.57% in the previous three months, and 260.20% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 9.51% and 28.15%, respectively. Moreover, shares of the Company, which operates as an integrated steel producer in Brazil, have a Relative Strength Index (RSI) of 54.66.
On November 30th, 2016, Companhia Siderurgica Nacional announced that in complement to the statement of material fact dated 23rd August 2016, it has closed the sale of 100% of the shares issued by the Company's subsidiary Cia Metalic do Nordeste, to Can-Pack Brasil Indústria de Embalagens Ltda, a Brazilian subsidiary of Can-Pack S.A. The amount received by the Company is BRL 372.54 million, fully paid in cash in Brazilian Reais. SID complete research report is just a click away and free at:
Shares in Irving, Texas headquartered Commercial Metals Co. ended the day 1.39% higher at $24.03. A total volume of 1.87 million shares was traded, which was above their three months average volume of 1.68 million shares. The stock has surged 45.02% in the past month, 51.09% over the previous three months, and 80.97% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 33.42% and 43.01%, respectively. Furthermore, shares of Commercial Metals, which manufactures, recycles, and markets steel and metal products, and related materials and services in the US and internationally, have an RSI of 84.73.
On November 9th, 2016, research firm Jefferies upgraded the Company's stock rating from 'Hold' to 'Buy'.
On November 29th, 2016, Commercial Metals announced that its Board of Directors has promoted Barbara R. Smith to the position of President and Chief Operating Officer. The promotion will be effective as of the Company's annual meeting of stockholders on January 11th, 2017. The complimentary report on CMC can be downloaded at:
Reliance Steel & Aluminum
On Tuesday, shares in California headquartered Reliance Steel & Aluminum Co. finished 1.00% lower at $84.85. A total volume of 1.05 million shares was traded, which was higher than their three months average volume of 642,690 shares. The stock has advanced 25.12% in the last one month, 14.95% over the previous three months, and 49.88% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 16.01% and 17.53%, respectively. Additionally, shares of Reliance Steel & Aluminum, which operates as a metals service center company, have an RSI of 71.07.
On November 29th, 2016, research firm Macquarie downgraded the Company's stock rating from 'Outperform' to 'Neutral'. Sign up for your complimentary research report on RS at:
Moscow, the Russian Federation-based Mechel PAO's shares recorded a trading volume of 283,673 shares at the end of yesterday's session. The stock closed the day 0.54% lower at $5.48. The Company's shares have advanced 24.83% in the last one month, 122.76% in the previous three months, and 234.15% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 21.57% and 115.57%, respectively. Additionally, shares of Mechel, which together with its subsidiaries, engages in mining and steel businesses in Asia, the Russian Federation, the Commonwealth of Independent States, Europe, the Middle East, the US, and internationally, have an RSI of 51.86.
On November 29th, 2016, Mechel for the nine months of 2016 reported operating profit of 28.8 billion rubles, up by 31% compared to operating profit of 22.0 billion rubles for nine months of 2015. The company's EBITDA increased 16% on a y-o-y basis to 41.6 billion rubles. The company posted net profit attributed to Mechel's shareholders of 5.5 billion rubles for nine months of 2016. Get free access to your research report on MTL at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44-330-808-3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA