Large Outflow of Money Witnessed in ArcelorMittal

Shares of ArcelorMittal (MT) traded 0.11 points or 1.41% higher at $7.9.The total intraday money flow for the shares came in at a disappointing $(-8.9) million. The total upticks amounted to $11.89 million and the total downticks were approximately $20.79 million, with the up/down ratio of 0.57. On a different note, the shares have seen -2.71% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $3.11 million in upticks and an outflow of $10.65 million in downticks. The up/down ratio for the block was found to be 0.29. The net money flow for the block transaction was $(-7.55) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

ArcelorMittal has dropped 3.42% in the last five trading days, however, the shares have posted positive gains of 8.22% in the last 4 weeks. ArcelorMittal is up 17.38% in the last 3-month period. Year-to-Date the stock performance stands at 8.22%. ArcelorMittal (NYSE:MT) rose 1.41% or 0.11 points on Wednesday and made its way into the gainers of the day. After trading began at $8.1 the stock was seen hitting $8.16 as a peak level and $7.79 as the lowest level. The stock ended up at $7.9. The daily volume was measured at 22,003,764 shares. The 52-week high of the share price is $8.835 and the 52-week low is $2.327913. The company has a market cap of $24,150 million.

ArcelorMittal SA (ADR) Last issued its quarterly earnings results on Nov 8, 2016. The company reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.18. The company had revenue of $14523.00 million for the quarter, compared to analysts expectations of $15117.88 million. The companys revenue was down -1.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.09 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.ArcelorMittal SA (ADR) was Upgraded by RBC Capital Mkts to Outperform on Nov 25, 2016. ArcelorMittal SA (ADR) was Downgraded by BofA/Merrill to Neutral on Nov 8, 2016.

ArcelorMittal (MT) is the worlds leading steel and mining company. With a presence in more than 60 countries, it operates a balanced portfolio of cost competitive steel plants across both the developed and developing world. It is the leader in all the main sectors automotive, household appliances, packaging and construction. The company is also the worlds fourth largest producer of iron ore, with a global portfolio of 16 operating units with mines in operation or development.

ArcelorMittal

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