Stock Price of ArcelorMittal (MT) Increases 10.61%

ArcelorMittals in-depth stock price analysis indicates that the stock price has rallied 25.14% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 44.08% . Looking at the past 52 week period, the stock price is up at 178.1% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of ArcelorMittal has a positive value of 59.39 compared to overall market. ArcelorMittal (NYSE:MT) has climbed 10.61% in the past week and advanced 8.96% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 9.71% and the outperformance has advanced to 7% for the last 4 weeks period.

ArcelorMittal (NYSE:MT) : On Friday heightened volatility was witnessed in ArcelorMittal (NYSE:MT) which led to swings in the share price. The stock opened for trading at $8.59 and hit $8.84 on the upside , eventually ending the session at $8.76, with a gain of 6.31% or 0.52 points. The heightened volatility saw the trading volume jump to 32,843,339 shares. The 52-week high of the share price is $8.84 and the company has a market cap of $26,779 million. The 52-week low of the share price is at $2.327913 .

ArcelorMittal SA (ADR) Last issued its quarterly earnings results on Feb 10, 2017. The company reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.11. Analyst had a consensus of $0.02. The company had revenue of $14126.00 million for the quarter, compared to analysts expectations of $14665.19 million. The companys revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.59 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 BofA/Merrill to Buy on Feb 10, 2017. ArcelorMittal SA (ADR) was Upgraded by RBC Capital Mkts to Outperform on Nov 25, 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.


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