ArcelorMittalMT was a big mover last session, as the company saw its shares rise over 5% on the day. This led to solid volume too with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $5.04 to $7.22 in the past one-month time frame, showed a pick-up yesterday at $6.71.
The company has seen 1 positive estimate revision in the past one month, while its Zacks Consensus Estimate of a loss narrowed over the same period, suggesting that more solid trading could be ahead. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
ArcelorMittal currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
An attractive player in the same industry worth considering includes ThyssenKrupp AG TYEKF sporting a Zacks Rank #1 (Strong Buy).
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