LONDON, January 29, 2015 /PRNewswire/ --
Investor-Edge has initiated coverage on the following equities: United States Steel Corporation ( NYSE: X), Gerdau S.A. ( NYSE: GGB), Cia Siderurgica Nacional S.A. ( NYSE: SID), Nucor Corporation ( NYSE: NUE), and Mechel ( NYSE: MTL). Free research report on United States Steel can be accessed at http://get.Investor-Edge.com/pdf/?c=United%20States%20Steel&d=29-Jan-2015&s=X. The US markets on Wednesday, January 28, 2015, ended on a negative note as the Dow Jones Industrial Average finished at 17,191.37, down 1.13% and the NASDAQ Composite closed at 4,637.99, down 0.93%. The S&P 500 finished the session 1.35% lower at 2,002.16. During the trading session, all the ten sectors finished on a lower note. The S&P 500 Materials Sector Index ended the day at 296.59, down 1.80%, whereas the index has advanced 6.99% in the past one year. Register for your complimentary reports at the links given below.
United States Steel Corp.'s stock rallied 10.86%, to close the day at $23.58. The stock recorded a trading volume of 34.67 million shares, much above its three months average volume of 7.74 million shares. The company's shares oscillated between $22.63 and $24.50 during the session. Over the previous three trading sessions, United States Steel Corp.' shares have rallied 14.58%. However, the stock has declined 11.52% in the last one month and 38.19% in the past three months. The stock is trading below its 50-day and 200-day moving averages. United States Steel Corp.'s 200-day moving average of $30.78 is above its 50-day moving average of $28.26. Additionally, the stock traded at a PE ratio of 5.54 and has a Relative Strength Index (RSI) of 30.92. On January 27, 2015, United States Steel Corp. announced its Q4 FY14 and full year FY14 financial results (period ended December 31, 2014). For Q4 FY14, the company reported net income attributable to United States Steel Corp. of $275 million, or $1.83 per diluted share. For FY14, the company reported net income attributable to United States Steel Corp. of $102 million, or $0.69 per diluted share. Sign up and read the free notes on X at:
On Wednesday, Gerdau S.A.'s stock recorded a trading volume of 5.95 million shares, lower than its three months average volume of 6.61 million shares. The stock ended the day at $3.41, which was 1.16% below its previous day's closing of $3.45, and registered an intraday range of $3.37 and $3.48. Gerdau S.A.'s shares have lost 1.45% in the previous three trading sessions, 3.40% in the last one month, and 24.89% in the past three months. The stock is trading below its 50-day and 200-day moving averages of $3.70 and $5.18, respectively. Furthermore, shares of Gerdau S.A. have an RSI of 44.09. The complimentary notes on GGB can be downloaded as in PDF format at:
Shares in Cia Siderurgica Nacional S.A. plummeted 7.61% to end Wednesday's session at $1.70. The stock recorded a trading volume of 3.75 million shares, below its three months average volume of 4.96 million shares. The company's shares fluctuated between $1.68 and $1.80 during the session. Cia Siderurgica Nacional S.A.'s shares have plummeted 49.85% in the past three months. Further, the stock has declined 10.99% in the previous three trading sessions and 23.77% over the last one month. The stock is trading below its 50-day and 200-day moving averages. Cia Siderurgica Nacional S.A.'s 200-day moving average of $3.65 is above its 50-day moving average of $2.12. Additionally, the stock has an RSI of 41.16. Register for free on Investor-Edge and access the latest research on SID at:
On Wednesday, Nucor Corp.'s stock fluctuated between $44.00 and $45.23 before ending the session 1.74% lower at $44.04. The stock reported a trading volume of 3.14 million shares, higher than its three months average volume of 2.11 million shares. Shares of the company traded at a PE ratio of 19.16. Although Nucor Corp.'s stock has advanced 0.55% in the previous three trading sessions, it has declined 10.25% in the last one month and 17.56% in the past three months. The stock is trading below its 50-day and 200-day moving averages of $50.02 and $51.53, respectively. Moreover, shares of Nucor Corp. have an RSI of 37.05. The complete research on NUE is available for free at:
Mechel's stock finished Wednesday's session 0.06% lower at $0.89. A total of 0.65 million shares were traded, which was above its three months average volume of 0.51 million shares. The stock vacillated between $0.83 and $0.89 during the session. Over the last one month and over the past three months, Mechel's shares have gained 17.04% and 1.68%, respectively. However, in the previous three trading sessions, the stock has fallen by 1.17%. The company's shares are trading above their 50-day moving average. Moreover, the stock's 200-day moving average of $1.43 is greater than its 50-day moving average of $0.72. Mechel's stock has an RSI of 61.48. Free in depth research on MTL is available at:
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