Noranda highlights pressure on aluminum


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Shares of Noranda fell 14% over the last month. This is definitely a sign of a commodities sector under pressure. Here is a look at NOR ( quote ) in all its recent volatility: As we mentioned a few weeks ago market update , the only thing holding AA ( quote ) up is rumors that BHP ( quote ) is contemplating a bid for the company. This is an excellent call based purely on valuations -- and look at names like China Aluminum ( ACH , quote ), which just logged its best month of production ever, and yet is still off 6% over the last four sessions:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
More Headlines for: AA , ACH , BHP , NOR

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