Gerdau SA (NYSE: GGB). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.
Gerdau SA (NYSE: GGB). Significant negative changes in fundamentals have recently occurred: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Gerdau has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Gerdau has a very high Appreciation Score of 96 but a poor Power Rating of 30, producing the High Neutral Value Trend Rating.
Recent Price Action
Gerdau SA (NYSE: GGB) stock declined by -4.1% on 12/13/24. The shares closed at $3.26. Moreover, trading volume in this decline was exceptionally high at 232% of normal. The stock has been weak relative to the market over the last nine months and has declined -5.8% during the last week.
Be the first to comment