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Vale (VALE) in Focus: Stock Moves 6.2% Higher
Vale S.A. (VALE - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.This continues the recent uptrend for the company—as the stock is now up 23.9% in the past one-month time frame.
The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Vale. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Vale has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
VALE S.A. Price
VALE S.A. price | VALE S.A. Quote
Investors interested in the Mining - Iron industry may consider Fortescue Metals Group Ltd. (FSUGY - Free Report) which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Click here for the 6 trades >>